AUD/USD Faces Headwinds Amidst USD Resurgence and Economic Concerns Introduction The AUD/USD pair is experiencing a downward trend during the Asian trading session on Tuesday. It is retreating from a recent high near the 0.6450 level, currently trading around the 0.6420-0.6430 region. The Australian Dollar (AUD) is under pressure due to several factors,...
The AUDUSD pair delivered us an excellent sell signal on Aug 02 (see chart below), hitting our 0.6400 target: The price has now been consolidating at the bottom of the 7-month Channel Down on Lower Lows and with the 1D RSI on Higher Lows at the same time, we have a strong Bullish Divergence at hand. The Lower Highs leg that bottomed on March 08, reached the...
AUDUSD - 24h expiry A Doji style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into...
Hello traders, investors and community. Today i will take a bullish look on AUDUSD and what the chart is showing me, the absolute high probability signs for some bullish outcomes. On my chart you see the daily price action of AUDUSD. AUDUSD is just about to form a massive bottom formation with an descending triangle about to complete. I detected it and it is...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance zone. Trade safe, Joe.
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Good day, Trader Once I get adequate confirmation at the 1.6488 resistance level and a take profit in the 0.64203 region, I will start shorting AUDUSD. In RR 1:2, effective risk management is used. Please like and follow me if you appreciate my work.
The RBA is set to decide on rates tomorrow, with the decision likely to hold cash rate at 4.10% Last month when the RBA held rates, the AUDUSD dropped. Looking for a similar move, especially with the AUDUSD trading along the 0.6465 support level. A break to the downside could see price test the next support level of 0.6380
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64700 support and resistance zone. Trade safe, Joe.
AUDUSD - 24h expiry Short term bias has turned positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.6462. Bespoke support is located at 0.6460. We look to buy dips. We look to Buy at 0.6461 (stop at 0.6441) Our profit targets will be 0.6511 and 0.6531...
AUDUSD - 24H expiry Short term bias has turned positive. Previous resistance at 0.6435 now becomes support. We look to buy dips. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. 50 4hour EMA is at 0.6442. We look to Buy at 0.6438 (stop at 0.6418) Our profit targets will be 0.6488 and 0.6498...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.647 support and resistance zone. Trade safe, Joe.
AUDUSD - Intraday Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.6440. 50 4hour EMA is at...
Hey Traders, in today’s trading session we are monitoring AUDUSD for a buying opportunity around 0.64000 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.64000 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.63800 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.63800 support zone. Trade safe, Joe.
AUDUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 0.6525 level....
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.64000 zone zone, AUDUSD is approaching a significant support zone of 0.64000 zone. Trade safe, Joe.
AUDUSD - Intraday Our short-term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. The bearish engulfing candle on the 4-hour chart is negative for sentiment. Price action has posted a Doji candle and is neutral for the short-term sentiment. We look for a...