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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

Potential bullish rise?AUD/USD is reacting off the resistance level which an overlap resistance that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.6645 Why we like it: There is an overlap resistance level that lines up with the 23.6% Fibonacci retracement. Stop loss: 0.6590 Why we like it: There is a pullback support level. Take profit: 0.6686 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
2
AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6652, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6620, a swing-low support level. The stop loss will be at 0.6670, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
AUDUSD What Next? BUY! My dear friends, My technical analysis for AUDUSD is below: The market is trading on 0.6636 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6707 Recommended Stop Loss - 0.6598 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Great win.NIce OB rejection and multiple wick rejection. UD/USD is behaving like a cyclical risk asset, showing far stronger relationships with crude oil and US stock futures than US interest rates directly like USD/JPY. The readthrough is that if traders continue to run with the soft landing narrative, we may see further upside for AUD/USD but limited downside for USD/JPY. But if Fed rate cut pricing were to increase significantly further, it would imply a growing risk of a hard economic landing, likely dragging AUD/USD and USD/JPY lower. Incoming economic data will therefore be important ahead of the Fed.
by EZIO-FX
AUDUSD possible bearish Following the formation of a triple top, the market transitioned into a period of sideways movement, reflecting indecision and consolidation. A breakout has already occurred, and we could witness a short-term retracement toward 0.6675, contingent on the confirmation of support on the 15-minute timeframe. However, if the price fails to hold and reverses downward, the bearish trend may resume. Caution is advised, as a potential Head and Shoulders pattern is developing on the 4-hour timeframe, which could signal a larger trend shift.
Short
by Horazio
1
AUDUSD InsightHello, dear subscribers! Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - The People's Bank of China lowered both the 1-year and 5-year loan prime rates by 25 basis points each, interpreted as a move toward an accommodative monetary policy to stimulate the economy. - ECB policymaker and Portuguese Governor Mario Centeno stated, "The risk of inflation falling below target is greater than the opposite, and we could consider a 50 basis point cut depending on the data." - The IMF mentioned that while the U.S. economy has shown a steady recovery since the pandemic, the eurozone continues to struggle due to a downturn in manufacturing, particularly in Germany. - With Trump’s projected victory, the market expects that non-U.S. stocks will underperform in the future. Key Economic Indicator Schedule - October 24: U.S. Initial Jobless Claims, Manufacturing PMI, Services PMI. AUD/USD Trend Analysis It appears that the pair is facing resistance at the top and is in a downward trend, with further declines still possible. Support is expected around the 0.66000 level, and a rebound here could see the pair rise back to the 0.69000 level. However, if the 0.66000 support is broken, further declines toward the 0.64500 level are anticipated. If the market moves in an unexpected direction, I will quickly adjust the strategy.
Short
by shawntime_academy
1
AUD/USD: Ready for the Break or the Bounce?Alright, let's break down the AUD/USD chart using a top-down approach, starting from the higher timeframes and moving down to the lower timeframes to find potential setups for this week. Looking at the weekly chart, AUD/USD has been in a consistent downtrend, with prices continuing to test lower levels of support. We’re currently sitting near a critical support level at 0.66704. This weekly level is significant because it's been tested multiple times, and any break below this could signal a continuation towards 0.65762, the next weekly support level. However, if the price respects this level, we might see a retracement back up to 0.67538 or 0.67947, which are key weekly resistance zones. On the daily chart, AUD/USD is showing a strong bearish momentum with the price moving below the 21 EMA, which continues to act as dynamic resistance. We see a descending trendline that’s holding the price down, reinforcing the bearish bias. However, we are also at the 0.66704 daily support level, which coincides with the weekly support. If price fails to break below this level convincingly, we could see a short-term pullback. The first target for a potential pullback would be 0.67538, aligning with the EMA 21. On the 4-hour chart, the bearish pressure is evident, but the candles have been consolidating above 0.66704 support. If we break below this level, we’ll likely see a move towards 0.65762. However, a bounce from this level would indicate a short-term buying opportunity. If that happens, I’m looking for a potential entry near 0.66704 with targets at 0.67538 and 0.67947. In summary, if we break below 0.66704, it’s a clear signal to short towards 0.65762. On the flip side, a bounce from here provides a short-term buying opportunity targeting 0.67538.
by SheenaL
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660 Pivot Point: 0.6660 The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels. Target Levels for Upside Movement: First Target: 0.6700 This represents an intermediate resistance where traders may look to take profits or assess continuation. Second Target: 0.6720 If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum. Alternative Scenario: Downside Risks If the price drops below 0.6660: Bearish Outlook: First Target: 0.6650 Second Target: 0.6635 These levels serve as potential support areas in a bearish scenario. Technical Insights: RSI Indicator: The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited. Moving Averages: AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
by CharivapaAlgo
SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68. Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above. ⭕The important support levels are 0.66500–0.66. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
2
AUD/USD - Waiting for Confirmation: Inverted Cup and Handle PattAUD/USD - Waiting for Confirmation: Inverted Cup and Handle Pattern AUD/USD is showing a variation of the Inverted Cup and Handle pattern. This pattern looks promising and, from a fundamental perspective, is supported by the likelihood that the FED may avoid aggressive interest rate cuts. For the price to push down further, it needs to move below the support zone of the pattern, which is located near 0.6700, as indicated on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
10
Risk-on Risk-off Report, October 22, 2024As of October 22, 2024, market sentiment is exhibiting mixed signals, leaning towards a slightly risk-off environment. This sentiment is reflected across various asset classes and economic indicators: Currencies USD, CHF, JPY: These currencies, traditionally considered safe-havens, are seeing moderate strength. Investors are cautious, as geopolitical uncertainties and a slower global economic outlook have pushed market participants toward these lower-yielding, stable currencies. EUR, GBP: The Eurozone is grappling with slow economic growth and recent ECB rate cuts, weakening the Euro. Similarly, the GBP remains under pressure due to mixed economic data from the UK. AUD, NZD, CAD: These commodity-linked currencies are relatively weak due to decreased risk appetite and subdued commodity prices. This trend aligns with a more defensive market stance. Commodities Gold: As a classic safe-haven asset, gold is witnessing steady demand amidst uncertainty, indicating investor caution. Crude Oil & Natural Gas: Prices for crude oil have remained somewhat soft, reflecting concerns about global demand, while natural gas prices have shown some volatility due to fluctuating energy demands. Bond Yields 2-Year Bond Yields: Yields on U.S. and major country bonds have seen marginal declines, as risk-averse investors seek the safety of government bonds. This aligns with the broader risk-off sentiment, reflecting cautious moves away from riskier assets towards bonds in the U.S., Canada, Eurozone, UK, and Japan. Stock Indices U.S., Canada, Eurozone, UK, Switzerland, Australia, Japan: Stock indices are trading with mixed to cautious sentiments. While some indices have seen moderate gains on selective buying, defensive sectors like utilities and consumer staples are attracting more attention compared to high-beta sectors. New Zealand: Stock markets are subdued as the country grapples with an economic slowdown and tighter monetary policy conditions. Cryptocurrencies Total Crypto Market Cap & Bitcoin: The total crypto market cap remains in a consolidation phase, and Bitcoin is holding steady but shows limited upside momentum. Meme coins and high-risk altcoins have seen reduced trading volumes, indicating investors’ reluctance to engage in speculative plays during uncertain times. This market picture points towards a modest risk-off sentiment, driven by global economic concerns and geopolitical uncertainties. Investors are prioritizing safe-haven assets, stable currencies, and defensive stocks while reducing exposure to riskier assets like emerging market stocks and speculative cryptocurrencies.
by AfreeBit
3