looking forward to sell AUDUSD around 0.6610 level or above as we have seen a massive shift for downside in all major currencies as dollar seems to rally higher and likely to target 104.25 level which makes this pair weaker and pois to move down towards our target of 0.6520 level
UBS comments ahead of the December 12th and 13th FOMC meeting:
The Summary Economic Outlook (SEP), released at the same time as the December policy statement, says there will likely be at least one, and more likely two, rate cuts in 2024. .
While the market is happy with the FOMC's rate cuts, UBS expects the committee to be a little more cautious.
The price is currently approaching the 0.66000 resistance zone. This is highly likely to be wave 5 of the elliot wave model. The trendline and EMA 89 are two resistance levels and the AUDUSD price is surpassing 0.66200. Maybe the signal will miss 5 pips and you should order SELL at 0.65900 with small lot
AUD/USD is trading within a narrow range around the 0.6600 level in the Asian trading session on Friday. Concerns about China's economic outlook and the temporary pause in the US Dollar's decline have restrained this currency pair ahead of the highly significant US NFP data. In Australia, October trade data failed to support the Australian Dollar (AUD). The trade...
The AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase.
Our primary focus revolves around identifying retracement levels within the 50% to...
The RSI indicator shows that the decline in AUDUSD (H1) rate has slowed down at the support zone.
Buy stop order can be executed at: 0.65544
Stop loss at: 0.65464
Take profit at: 0.65703
Note: capital management 2%: 25 lot for 100.000$
AUDUSD broke the pattern of narrowing the price fluctuation range
Buy at current price (0.6685)
Stop loss at: 0.66606
Takeprofit at (Fibonacci extension 1): 0.67281
Capital management 2% for $100 000: 4.54 lots
Attention will be paid to key economic indicators that roll out over the course of the week such as the Non-farm Payrolls jobs report, JOLTs job openings, and the ISM Services PMI survey.
Moody's analysis suggests a cooling down of various labor market measures. The uptick in November jobs growth is attributed to the impact of the United Auto Workers...
HELLO TRADERS !!!
As we can see this pair is holding weekly support and moving to north and we are looking for buying opportunity for this pair now it have to retrace with DXY move to the downside till the buying zone so we are looking for these design levels so we will trade on this pair with a low risk and higher rewards its just a trade idea share ur thoughts...
Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level.
Following this expected support, our projection foresees a robust upward movement toward the...
My short trade on AUDUSD is still in play. Stoploss was not touched (for few pips) and trade is still in play. I think it's time to send AUDUSD down, divergence on H4 is still strong, trend is broken and retested, we will go down soon
We are expecting a long bullish buying setup very soon as price indicating a further downtrend to be continued due to strong usd presence in the market. We will have to closely monitor the market and enter accordingly to the price action.
here is the best area where you can enter:
POSSIBLE BUYING ZONE AT 0.62733
STOP LOSS AT: 0.61611
On November 29 and 30, AUD/USD touched a crucial pivot point at the price of 0.66411, indicating a potential change in direction, especially as it aligns with a level of miring Support and Resistance, suggesting a Major downtrend. The bearish reversal signal on the daily candle following the pivot point touch adds confidence to the potential downturn. The recent...
AUDUSD rose 0.28% to 0.6635 following China PMI data. Manufacturing activities had their second consecutive month of decline while non-manufacturing activities bottomed out for the year. With such a situation, the market expects China to announce more economic stimulus measures