Possible short opportunity for AussieHello Traders,
There is a strong selling zone around 0.63150, considering different form of confirmations you can enter around the zone. A possible TP1 is around 0.6207 and the final TP in just over the 0.6145.
USDAUD trade ideas
Potential Diamond Bottom Pattern on AUD/USDFollowing a 12% plunge since topping out at US$0.6942 at the beginning of October 2024 – with pullbacks few and far between – the AUD/USD (Australian dollar versus the US dollar) is pencilling in what appears to be a diamond bottom pattern around US$0.6150ish (made up of a broadening formation and a possible symmetrical triangle).
What’s technically interesting from the daily chart is that the diamond bottom is forming from monthly support coming in at US$0.6094. Following at least two tests of the symmetrical triangle outer edges on each side, should this pattern complete – price breakout to the upside – strong moves higher could be prompted once established.
Short.. sell nowWe have broken thru last floor which is the orange lines on top..
Sell all the way back down to the next level of support
O.61739.. black lines on the bottom
However if price breaks above resistance orange lines on top..wait for pullback to those same orange lines and buy this pair up to the next level of resistance
AUD/USD may fall to 0.62459 - 0.62313Preference
Short positions below 0.62971 with targets at 0.62459 and 0.62313 in extension.
Alternative
If above 0.62971 look for further upside with 0.63103 and 0.63260 as targets.
AUD/USD: Battle at .6262 – Bounce or Breakdown Ahead?AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session.
If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level opening the door for a run towards .6337.
However, a clean break of .6262 could see the setup flipped, with shorts placed below the level with a stop above for protection. .6170 screens as one possible target with .6088 the next after that.
Momentum indicators are providing mixed signals with RSI (14) trending lower while MACD has resumed its climb higher. Based on price action earlier in the week, a bullish bias is marginally favoured overall.
Good luck!
DS
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support level.
Pivot: 0.6285
1st Support: 0.6237
1st Resistance: 0.6330
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD_USD SWING SHORT|
✅AUD_USD is set to retest a
Strong resistance level above at 0.6350
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 0.6250
SHORT🔥
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NZDUSDBullish on NZDUSD because of the Rejection and bullish impulsive move also
Rejection from 1D support
Strong Bullish Candles
4H 1H upper channel broken
Broken Resistance
AUDUSD - 5 Feb 2025 SetupAUDUSD Market structure are making a breakout structure with strong bullish rally yesterday. and spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high and a break out.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
AUD/USD may rise to 0.6278 - 0.6303Preference:
Long positions above 0.62257 with targets at 0.6278 and 0.6303 in extension.
Alternative:
If close below 0.62257 look for further downside with 0.61978 & 0.61708 as targets.
05.02.25 Morning ForecastPairs on Watch -
FX:AUDUSD
FX:NZDCAD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Short then longPrice has broken thru last resistance which is green box on bottom
Sell down to green box which is now support once price reaches there buy this par and take profits all the way at the top the purple lines on top which is where the next major reversal floor resistance is
How 🤔 ever if price breaks thru the green box wait for a pullback to green box and sell down to the next level of support
How 🤔 ever if price breaks thru resistance the orange lines above wait for a pullback to orange lines and buy this pair and take profits at the purple lines on top
AUDUSD InsightWelcome, subscribers!
Please share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- The Trump administration’s additional 10% universal tariff on China officially took effect on the 4th, with China immediately announcing retaliatory measures.
- Since Trump’s tariff policy is being used as a negotiation tactic, a phone call with Xi Jinping is expected soon.
- Maroš Šefčovič, the European Commission's Trade Commissioner, stated that the EU is ready to cooperate with the U.S. immediately. He expressed hope that early negotiations could prevent disruptions to the most important trade and investment relationship in the world, signaling a preemptive conciliatory gesture.
- Australia's Q4 inflation rate fell short of expectations, approaching the Reserve Bank of Australia’s target range of 2-3%. The market broadly anticipates a 0.25% rate cut at the RBA's monetary policy meeting on February 18.
Key Economic Events This Week
+ February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change
+ February 6: Bank of England Interest Rate Decision
+ February 7: U.S. January Nonfarm Payrolls, Unemployment Rate
AUDUSD Chart Analysis
After a recent sharp decline, the AUDUSD fell to the 0.61000 level but has rebounded steeply with support from the trendline. The next resistance is around the 0.63000 level, but since this has already been breached once, it is expected to break through easily. The upward trend is likely to continue toward the 0.64000 level. However, a reversal is anticipated around this range, potentially driving the price back down to the 0.60000 level.
If movements differ from these expectations, we will quickly adjust our strategy.
Could the Aussie reverse from here?The price is rising towards the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 0.6285
1st Support: 0.6225
1st Resistance: 0.6330
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish Scenario Breakdown📢 Hey traders, friends, and companions!
Hello everyone! It’s been a while—about 6–7 months since my last post—and I’ve missed sharing my insights with you. I hope you're all doing well and having a successful trading week!
Lately, I’ve been analyzing the long-term outlook for AUD/USD, and I’d like to share my thoughts based on Elliott Wave Theory. As always, this perspective is shaped by the current price structure, and of course, everything depends on the strength or weakness of DXY (US Dollar Index).
🔍 Market Outlook
📌 If the DXY weakens, we could see strong bullish momentum in AUD/USD, with impulsive waves developing toward higher targets.
📌 If the DXY strengthens, then we may experience further declines in AUD/USD and other USD-based pairs.
💡 From my experience, the Australian and New Zealand dollars tend to react faster to DXY movements compared to other pairs, creating sharp and significant price swings.
🔄 Bullish Scenario Breakdown
✅ Key trigger: A strong breakout above the aggressive bullish zone.
✅ Next step: A corrective pattern, forming the base for the next impulsive rally.
✅ First Target Range: If the bullish scenario plays out, we could see price movement toward the first target zone, with potential corrections along the way.
✅ Final Thought: If the DXY shows strength, I’ll definitely update this analysis to reflect any changes.
I’d love to hear your thoughts! What’s your outlook on AUD/USD? Let me know in the comments below.
📊 If you found this analysis valuable, don’t forget to like, follow, and share to stay updated with my latest insights! More market breakdowns coming soon.
Stay sharp and trade wisely! 🚀🔥
AUDUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.63475 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
A peak is formed in daily chart at 0.63295 on 01/24/2025, so more losses minimum to Trend Hunter Buy Zone (0.61710 to 0.61000) is expected.
Take Profits:
0.62874
0.63475
0.64388
0.65385
0.66210
0.66846
0.67965
0.69410
0.71541
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AUD/USD false break reversalThe AUD/USD chart is super interesting to watch and trade this week.
It fell yesterday to a fresh multi-year low, but rallied from its lows to close the day higher after Trump delayed tariffs on the USA's northern and southern neighbours.
Anyway, the AUD/USD has potentially formed what looks like a false break bullish reversal pattern against the January low of 0.6131.
The bulls will want to see rates now hold above Monday's high (that too, being a nice a hammer candle). If seen, we could see further follow-up technical buying in the days ahead.
By Fawad Razaqzada, market analyst at FOREX.com
AUDUSD Short A possible short after a nice pull back, will trade 8 pip stoploss with 82 pip target, nice risk to reward ratio, hopefully it plays well.
AUDUSDAUDUSD is set to drop as a surge in selling volume confirms strong bearish momentum, signaling institutional distribution and downward pressure. Increased volume at resistance levels suggests a potential breakdown, reinforcing the bearish outlook.
AUD/USD - We had a decent drop time to recoverHi guys, we are looking next into the AUD/USD -
Fundamentals :
1. Strong Australian Economic Outlook
The Australian economy benefits from its abundant natural resources, including iron ore and coal, which are critical exports to key trading partners like China. With China's economic recovery gaining momentum, increased demand for Australian commodities is expected to support the AUD.
2. Rising Commodity Prices
Australia’s economy is closely tied to commodity markets. Recent rallies in commodity prices, particularly in metals and energy, provide a supportive backdrop for the AUD. Higher export revenues strengthen the currency by improving the country’s terms of trade and boosting investor confidence.
3. Divergence in Central Bank Policies
The Reserve Bank of Australia (RBA) has taken a data-driven approach to monetary policy, potentially adopting a more hawkish stance if inflation persists. Meanwhile, expectations of a pause or slowdown in the Federal Reserve's rate hikes could reduce support for the USD, narrowing the interest rate differential and favoring the AUD.
Technicals : Simply pair has been low for quite a long time over bigger time frames such as 4H,1D,1W
Entry: 0.62500
Target: 0.63500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
