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USDAUD trade ideas

Bearish reversal for the Aussie?AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6464 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.6499 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.6397 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
Australian Dollar Consolidation Which Way From Here?Hey traders so today we are going to look at the Austrailian Dollar which is now in chart pattern called a Symetrical Triangle. So how do we know which way to trade the market right now? We don't so why guess when instead we can wait for the market to confirm which way it wants to go. These are normally known as a consolidation patterns, and normally they can break out in the direction of the prevailing trend which appears to be bullish. However they can also break against the trend so the best way to trade it is watch which side it breaks then place an order to enter on the side that market breaks out of. The the other side can then become your stop loss because most likely the market won't go to the other side. For profit target you can measure the distance of the triangle from top to bottom so in this example 183 pips or ticks. Always use Risk Management! (just in case your wrong in your analysis) Hope This Helps Your Trading Clifford
by TradeTheIndex
1
AUDUSD – Recoil Back into the Range After Failed BreakoutOn Monday, AUDUSD briefly threatened a breakout from its May trading range, evident between 0.6356 (May 12th low) up to 0.6514 (May 7th high) with an early push up to a new monthly peak of 0.6537 on the Asia open. However, that move failed quickly after news of President Trump’s decision to extend the deadline for 50% tariffs on the EU from June 1st to July 9th hit the newswires. While this update boosted risk sentiment and global stock prices, it removed the immediate downside pressure that had been starting to build again on the US dollar. AUDUSD has since fallen victim to position rebalancing which saw prices fall as low as 0.6407 on Wednesday, before a slightly higher than expected Australian CPI reading, led to some fresh buying. Looking forward, with their short term trade concerns alleviated further this morning by a US Court ruling that the vast majority of President Trump's global tariffs were illegal, the question for traders into the end of the week, is whether AUDUSD can hold current levels and push higher again, or if it could retest the bottom of its May trading range at 0.6356, perhaps even further. After all, market pricing currently places the chances of another rate cut from the RBA at their next meeting in early July at about 70%, which continues to weigh on AUDUSD if any new strength is seen. Friday’s release of the Fed’s preferred inflation gauge (PCE Index) could also be relevant to the direction of the dollar (and therefore impact AUDUSD) into the weekend. Traders are waiting to see if inflation is still moderating or whether there are signs that President Trump’s tariffs are starting to push prices higher again. Technical Update – More Balanced Themes Emerge It might have been argued that on May 26th 2025, AUDUSD was attempting to break higher, especially as moves above 0.6519, the May 7th previous price high were seen. However, as the chart below shows, this proved to be a failed breakout, as selling pressure quickly emerged, meaning the 0.6519 upside extreme held on a closing basis. An inability of AUDUSD buyers to extend recent price strength is suggested by this activity, resulting in the development of a possible sideways price range. This also appears to be supported by the current Bollinger Bands set-up, where the mid-average is flat and the bands are parallel to it. This highlights something of a decision-making process between both buyers and sellers, with a closing breakout of either required to suggest the direction of the next more sustained phase of price activity. What technical levels might AUDUSD traders find useful to watch? Potential Resistance Levels: Upper extremes of the current sideways range could now be marked by 0.6519/37, which is combination of the May 7th and May 26th price highs, levels where sellers have previously been active and may be again. While any close above the 0.6519/37 resistance is not a guarantee of further upside, it may then lead to price strength towards 0.6688, the November 7th 2024 high. Potential Support Levels: With current evidence suggesting AUDUSD is developing a more balanced range, traders may well be focusing on the last correction price low, as the lower limit of the range. If this is the case, 0.6357 the May 12th 2025 session low, might be the support to monitor. Closes under 0.6357, if seen, may then be an indication of a deeper decline in price, possibly towards 0,6298, which is equal to the 38.2% Fibonacci retracement of April 9th to May 26th 2025 strength, even the 50% retracement level which stands at 0.6224. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Trading AUDUSD | Judas Swing Strategy 26-28/05/2025Incase you're new to the Judas Swing Strategy and want to know what the strategy is about, it is a classic price manipulation concept where the market fakes a move in one direction (the “Judas” move), only to reverse and trend in the opposite direction. It’s common during 00:00 - 08:30 EST openings, often used by smart money to trap retail traders. It’s especially powerful when paired with liquidity grabs above/below key highs or lows, followed by a reversal into a FVG confirmation On Monday, we identified a clean Judas Swing setup. Price spiked below previous lows, giving us a bias to look for potential buying setups after what looked like a classic liquidity grab. We got a break of structure and a reversal into the FVG created. However, after entry, price failed to reject meaningfully and instead continued lower only after taking out the low, hitting our stop loss before any major move up. We lost 1% on this trade and the lesson all traders need to learn here is that even valid setups will fail and you'll lose money at some point when trading. Fast forward to Wednesday We saw a similar manipulation as price spiked below recent Judas swing zones during NY session, grabbing sell-side liquidity before reversing sharply. We waited for confirmation a strong bullish engulfing and break of minor structure. Entry was taken long, with stop loss 10 pips below the liquidity grab and target at previous structure highs. The trade ran smoothly into profit, validating the setup and recovering the week's earlier loss. Trade Outcome: Win Risk-Reward: Clean 1:2 Notes traders need to take from this trade: - Perfect Judas Swing after liquidity sweep - Patience for confirmation paid off - Structure shift confirmed smart money reversal
by CleoFinance
AUD/USD - Two possible Scenarios lining upPrice is trapped in a tight range between two daily supply zones, coiling for a strong move. Here are your two potential trade options: ✅ Bullish Scenario If price breaks above the upper daily supply zone with strong momentum: Entry: On breakout & retest above supply zone Confluence: Channel breakout + MACD shift to bullish + reclaim of 200 EMA Target: Move toward higher daily supply zone near previous highs Confirmation: Strong bullish candle close above structure ❌ Bearish Scenario If price rejects the upper supply and breaks the trendline support: Entry: Break and retest of ascending trendline + daily demand zone flip Confluence: MACD bearish crossover + clean rejection from upper supply Target: Drop toward lower demand zone in the $0.63–0.64 range Confirmation: Rejection from resistance + break below trendline and demand
by jamesibartram
Lingrid | AUDUSD support Level Bounce TradeThe price perfectly fulfilled my previous idea . FX:AUDUSD formed a higher low above the rising trendline near 0.6418, signaling potential bullish continuation. A break above 0.6440 could confirm upward momentum, targeting the previous supply zone around 0.6482. Structure holds as long as price remains above the support level. Buyers may accumulate near the trendline to catch the next leg up. 📈 Key Levels Buy zone: 0.6418–0.6430 Buy trigger: breakout above 0.6440 Target: 0.6482 Sell trigger: breakdown below 0.6418 💡 Risks Rejection at descending blue trendline Failure to sustain higher low could trap buyers Bearish pressure increases if 0.6418 fails to hold Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
AUDUSD LONG FORECAST Q2 W22 D29 Y25👀 AUDUSD LONG FORECAST Q2 W22 D29 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside intraday confirmation & breaks of structure. Let’s see what price action is telling us today! 🔥 💡Here are some trade confluences📝 ✅Weekly 50 EMA ✅Daily 50 EMA ✅15’ order block ✅Intraday bullish breaks of structure 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
1
What Is Naked Forex Trading, and How Do Traders Use It?What Is Naked Forex Trading, and How Do Traders Use It? Traders rely on various tools and techniques to trade the forex market. Naked forex trading is one of the oldest and most popular trading approaches among currency traders. This article delves into the details of naked trading, providing insights into its implementation and distinguishing features that set it apart from other analysis techniques. Understanding Naked Forex Trading Naked trading is a trading style that involves analysing markets using a clean price chart, meaning one without technical indicators. Traders who use this method make decisions based on real-time price movements and their trading instincts. Naked trading has its roots in the early days of trading, long before the advent of sophisticated technical analysis tools and indicators. Early traders relied solely on price action and market behaviour to make trading decisions. By stripping away the complexity of modern trading tools, naked trading aims to return to the fundamental principles of trading, emphasising the importance of understanding market psychology and price dynamics. Core Principles of Naked Forex Trading Naked forex trading is based on the following principles: - Price action analysis is the foundation of naked trading, focusing on the examination of asset price movements without the help of technical indicators. Traders rely on bar, line, or Japanese candlestick charts to identify patterns, trends, and key support and resistance levels. By concentrating on real-time price movements, traders aim to make their trading decisions based on how prices behave at specific levels. - Naked trading emphasises simplicity and clarity as it removes the clutter of numerous trading tools. This approach helps traders maintain a clear view of the market, making it potentially easier to identify trading opportunities. The simplification also reduces cognitive load, enabling traders to focus on the most critical market movements. - Trader instinct, often referred to as "gut feeling" or "trader's intuition," plays a significant role in naked trading. This instinct is honed over time through experience and the extensive observation of price movements and market behaviour. Key Techniques and Tools Mastering price action analysis is crucial in naked trading. These are the four key tools for those who use naked trading. Candlestick Patterns Candlestick patterns play a crucial role in naked trading strategy by providing visual representations of price movements over a specified period. Traders look for different price formations to analyse potential market reversals, continuations, or indecisions. Common candlestick patterns include doji, engulfing patterns, hammer, shooting star, and spinning top. Each offers insights into market sentiment and potential future price movements. Chart Patterns Chart patterns on price charts indicate potential trend reversals or continuations. Traders using naked trading techniques rely on chart patterns like flags, rounding top/bottom, diamonds, and rectangles to identify key levels where the price is likely to react. These patterns help traders anticipate market movements and plan entry and exit points accordingly. Support and Resistance Levels Support and resistance levels are fundamental concepts in naked trading, representing levels the price struggled to break above (resistance) or hold above (support). Traders identify these levels on price charts to anticipate potential price reversals or breakouts. Support and resistance levels are crucial for setting profit targets, placing stop-loss orders, and managing risk. Trendlines and Channels Trendlines and channels are used by naked traders to visualise the direction and strength of a trend. Trendlines connect successive higher lows (uptrend) or lower highs (downtrend) on a price chart, helping traders identify trend reversals or confirm trend continuations. Channels are formed by drawing parallel lines to connect highs and lows, creating a channel in which the price typically moves. Advantages of Naked Forex Trading Naked trading has many advantages; therefore, it’s still used by traders around the globe. Here are the key benefits of naked forex trading: - Enhanced Focus and Simplicity: This approach removes market clutter as it offers enhanced focus by eliminating complex technical indicators. Without the distraction of multiple indicators that provide lagging signals, traders may respond more effectively to changes in price movements. - Improved Market Understanding: By relying on naked trading tools, traders may better understand market behaviour and psychology. Observing price action directly on charts potentially enhances traders' ability to interpret market sentiment, identify key support and resistance levels, and anticipate potential trend reversals or continuations. This hands-on approach fosters a deeper understanding of the nuances of the market and improves trading skills over time. - Flexibility and Adaptability: Traders are not constrained by specific indicator signals or rigid trading rules. Instead, they can adjust their approach based on real-time price action and evolving market dynamics. This flexibility allows them to take advantage of emerging opportunities and adapt their strategies to potentially mitigate risks. Challenges and Limitations Although naked trading can be effective, it has limitations that a trader considers before relying on this approach. - Learning Curve: As naked forex trading relies heavily on interpreting price action without the assistance of technical indicators, traders may need to dedicate considerable time and effort to mastering candlestick patterns, chart analysis, and understanding market psychology. Developing the skill to interpret price movements accurately demands persistence and consistent practice. - Emotional Discipline: A notable challenge of naked trading is the absence of clear buy or sell signals provided by indicators, which can lead to heightened emotional responses to market fluctuations. Traders must maintain discipline by adhering to their trading plans, implementing risk management strategies, and avoiding impulsive decisions. - Market Noise: Navigating market noise is another hurdle in naked trading. Market noise refers to random price fluctuations that obscure meaningful price patterns. Traders need the patience and experience to distinguish between significant price movements and temporary fluctuations. Practical Application of Naked Forex Trading Setting up a trading plan is essential for implementing naked forex trading. Traders might use the following rules: - Define Your Trading Goals: Determine your financial objectives, risk tolerance, and period of trading. - Select Currency Pairs: Choose currency pairs that align with your trading strategy and offer sufficient liquidity. - Identify Key Trading Times: Determine optimal times to trade based on market volatility and your availability. - Establish Entry and Exit Rules: Define criteria for entering trades based on price action signals, such as candlestick patterns or support/resistance levels. Similarly, rules for exiting trades should be established to potentially lock in returns or cut losses. - Risk Management: Implement risk management strategies, including setting stop-loss orders and calculating position sizes based on your risk tolerance and account size. - Review and Adapt: Regularly review your plan to assess its effectiveness and make necessary adjustments based on evolving market conditions and personal trading performance. Real-Life Examples and Case Studies Real-life examples and case studies illustrate how naked forex trading principles are applied in practice: Example 1: Trading Support and Resistance A trader identifies a currency pair approaching a key support level on the daily chart. They wait for a bullish reversal candlestick pattern, such as dragonfly doji, to form near the support level. They enter a long trade with a stop-loss below the support level and a profit target at the next resistance level. Example 2: Trend Confirmation A trader observes a currency pair in a strong downtrend on the hourly chart. They wait for a pullback to a trendline and look for a bearish engulfing pattern to confirm the continuation of the downtrend. They enter a sell trade with a tight stop-loss above the trendline. However, it is difficult to determine the profit target as there are no swing lows nearby. The Bottom Line When they understand the naked trading forex strategy, traders may use it in other markets, including stocks and cryptocurrencies*. However, it's important to note that any analysis does not guarantee effective trading, and other factors should be considered alongside chart analysis. Risk management and a proper mindset are essential for long-term consistency. FAQs What Is Naked Trading in Forex? Naked, or price action trading, is a forex trading approach that involves analysing the market using a clean price chart without any technical indicators. Traders relying on this method make decisions based on real-time price movements and their trading instincts rather than past performance. The strategy emphasises identifying key support and resistance levels, trend reversals, and price corrections purely through the observation of bar, line, or candlestick charts. Can I Trade Without Chart Patterns? Yes, trading without chart patterns may be possible using alternative methods such as indicator-based strategies, quantitative models, fundamental analysis, or sentiment analysis. These approaches allow traders to analyse the markets based on technical indicators, mathematical algorithms, economic data, or market sentiment. What Is a Chart Pattern in a Price Action Strategy? A chart pattern in a price action strategy refers to the specific formations and shapes created by the price movements of an asset, which traders use to analyse future market behaviour. These patterns emerge due to the collective actions of buyers and sellers and can indicate potential trend reversals or continuations. Some common chart patterns include triangles suggesting a consolidation before a breakout, Quasimodo indicating a potential trend reversal, and flags signalling the continuation of an existing trend. What Is the 5-3-1 Trading Strategy? The 5-3-1 trading strategy is a disciplined approach designed to help traders focus and improve their trading skills. It involves trading just five currency pairs to reduce complexity and enhance expertise in those markets. Traders then use only three specific strategies to master and consistently apply. Finally, they select one trading timeframe to maintain consistency and avoid confusion. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Bullish bounce?AUD/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.6397 Why we like it: There is a pullback support level. Stop loss: 0.6365 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Take profit: 0.6463 Why we like it: There is a pullback resistance level that aligns with the 38.2% 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
Australian inflation higher than expected, Aussie extends lossesThe Australian dollar has extended its losses on Wednesday. AUD/USD is trading at 0.6415 in the North American session, down 0.44% on the day. Australia's inflation rate remained unchanged in April at 2.4% y/y for a third straight month, matching the lowest rate since Nov. 2024. The reading was slightly higher than the market estimate of 2.3% but remained within the central bank's inflation target of 2%-3%. Trimmed mean inflation, the central bank's preferred indicator for underlying inflation, edged up to 2.8% from 2.7% in March. The inflation report was mildly disappointing in that inflation was hotter than expected. Underlying inflation has proven to be persistent which could see the Reserve Bank of Australia delay any rate cuts. The markets have responded by lowering the probability of a rate cut in July to 62%, compared to 78% a day ago, according to the ASX RBA rate tracker. A key factor in the July decision will be the second-quarter inflation report in late July, ahead of the August meeting. The Reserve Bank lowered rates last week by a quarter-point to 3.85%, a two-year low. The central bank left the door open to further cuts, as global trade uncertainties are expected to lower domestic growth and inflation. The Federal Reserve releases the minutes of its May 7 meeting later today. At the meeting, the Fed stressed that it wasn't planning to lower rates anytime soon and the minutes are expected to confirm the Fed's wait-and-see stance. US President Trump has been zig-zagging on trade policy, imposing and then cancelling tariffs on China and the European Union. Fed Chair Powell said at the May meeting that the economic uncertainty due to tariffs means that the appropriate rate path is unclear and that message could be reiterated in the Fed minutes.
by OANDA
AUDUSD Bearish Signal | Technical + Custom Algo Smart Trend Signal | Technical Analysis + Custom Algorithm This signal is the result of a combination of classic technical trend analysis and a proprietary software I personally developed. The system first identifies market trends purely based on technical indicators — no emotions, no subjective analysis. Then, a custom-built intelligent algorithm evaluates potential entry and exit points and issues the signal. This means: a fully data-driven signal, with no guesswork or bias. 📌 Note: This signal is for educational and analytical purposes only. Trading is at your own risk.
Short
by PowerBlock
1
Aussie: Dependent to ChinaHello Traders, any problems between US and China regarding the tariffs means weaker Aussie, Zones for this pair are near together, so use smaller patterns for you confirmation. The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confrimation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
by AliSignals
1
AUD/USD: Bullish Reversal Expected From 0.6430 Support The AUD/USD 15-minute chart reveals a potential bullish reversal setup forming near the 0.6430 support zone. Following a clean Break of Structure and prior Inducement, price action is now testing a minor demand zone marked by a blue box. This level coincides with a sweep of short-term lows and rejection from the lower boundary, indicating a possible accumulation phase. The descending trendline has already been breached, suggesting weakening bearish momentum. Traders may look for a long entry around 0.6430–0.6435, targeting the key resistance level at 0.6466, which aligns with a previous supply area and structural high. This level also represents the most immediate liquidity zone and offers a favorable risk-reward ratio. Confirmation may come through bullish candlestick patterns or lower timeframe breakouts above minor internal highs. The overall setup reflects smart money concepts, where price typically returns to a mitigation block before continuing in the direction of the dominant trend. As long as the 0.6415 valid low holds, bullish continuation remains the preferred scenario. A break below that level would invalidate the setup and shift bias bearish. This analysis is ideal for intraday traders looking to capitalize on a high-probability reversal with defined entry and target levels.
by Metxa
AUDUSD READY FOR MARJOR BREAKDOWN ? The Aussie dollar is trading right below a major supply zone (0.64796 area) and showing signs of exhaustion after multiple failed attempts to break higher. This is a textbook distribution phase, often preceding a significant drop. 📌 Key Levels: 🔹 Supply Zone: 0.64796 (Heavy rejection seen multiple times) 🔹 Mid-Level Support: 0.62210 🔹 Major Demand Zone: 0.59468 – 0.60000 (POI + high volume node) 🔻 Bearish Outlook: If price fails to reclaim the supply zone, we may see a move to: 1. 0.62210 – minor support, likely to break on high momentum 2. 0.59468 – high-interest demand area + visible range support 📉 Confluence Factors: Price trapped in a range under supply Weak bullish momentum after previous rally Red arrows suggest next bearish impulse targets Demand visible via LuxAlgo’s Volume Profile + Order Block USD strength likely from upcoming U.S. data (NFP, CPI news ahead 📅) --- 🎯 Trading Plan: 🧨 Break & Retest below 0.64000 = Sell confirmation 🎯 TP1: 0.62210 🎯 TP2: 0.59468 🚫 SL: Above 0.64800 zone --- 📌 Risk Management is key – wait for confirmations like strong bearish candle close or volume spike on breakdown. Don’t rush entries. 💬 What do you think? Will the bears take control or will bulls defend this zone again? 📊 Drop your analysis below and don’t forget to like & follow for more FX setups! #AUDUSD #Forex #SmartMoney #SupplyAndDemand #PriceAction #ForexTrading #LuxAlgo #TechnicalAnalysis #TradingView #BearishSetup
Short
by FrankFx14
Market Analysis: AUD/USD Faces Pressure, Dips AgainMarket Analysis: AUD/USD Faces Pressure, Dips Again AUD/USD declined below the 0.6500 and 0.6460 support levels. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6460 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6520 zone. The Aussie Dollar started a fresh decline below the 0.6500 support against the US Dollar. The pair even settled below 0.6460 and the 50-hour simple moving average. There was a clear move below 0.6450. A low was formed at 0.6435 and the pair is now consolidating. On the upside, an immediate resistance is near the 0.6460 level and the 23.6% Fib retracement level of the downward move from the 0.6537 swing high to the 0.6435 low. The next major resistance is near the 0.6485 zone or the 50% Fib retracement level of the downward move from the 0.6537 swing high to the 0.6435 low, above which the price could rise toward 0.6515. Any more gains might send the pair toward the 0.6535 resistance. A close above the 0.6535 level could trigger another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6600. On the downside, initial support is near the 0.6435 zone. The next support sits at 0.6410. If there is a downside break below 0.6410, the pair could extend its decline. The next support could be 0.6350. Any more losses might send the pair toward the 0.6320 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Bearish drop?The Aussie (AUD/USD) has rejected off the pivot, which acts as an overlap resistance and could potentially drop to the 1st support which is a pullback support. Pivot: 0.6451 1st Support: 0.6392 1st Resistance: 0.6481 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.
Short
by ICmarkets