Pair : AUDUSD ( Australian Dollar / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure and Completed the Retracement
For the past 3 years, AudUsd has been in a downtrend, with the pair dropping almost 2,000 pips from its peak in February 2021, which was around the 0.8 zone. In November 2023, the pair initiated a reversal from a support zone, and by December, it even broke above the descending trend line, reaching a horizontal resistance level at 0.69. However, this upward...
AUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional. Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a...
AUDUSD looks good to try a long here. 0.65 is a strong support that also fit with the level -0.618 of last leg down, and as you can see it has broke and retested major trend. I expect a bullish trend this week, targeting 0.66.
Looking for buys on retracement up to recently broken support level to establish resistance to continue downwards, if invalidated, will look for selling opportunities in imbalance area or supply zone. Divergence on 1hr timeframe to support temporary buys.
Immediately after better-than-expected inflation data, the Australian dollar fell again. In addition, weakening inflation has also provided the market with more information about the RBA's interest rates in the coming time when the Reserve Bank of Australia has had many difficulties in controlling inflation and has only stopped raising interest rates. interest...
AUD/USD started 2024 strong, above 0.68 after a nearly 4% rally in December. However, the exchange rate soon ran into trouble and reversed this rally. I maintain the Q1 and Q4 forecasts for AUD/USD of 0.68 and 0.72 respectively. While there is a further repricing of the Fed, which will weigh on the exchange rate, investors will also push back expectations for RBA...
AUD/USD Shows Strength Amidst Geopolitical Tensions and Technical Signals In a surprising display of resilience, the AUD/USD pair traded higher on Monday, rebounding from the 50% Fibonacci level following a significant pullback to the support level at 0.65250. This rebound was reinforced by the dynamic bullish trendline, which has proven to be a reliable...
Economic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data. In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
In the W1, the previous corrective wave includes a complete corrective cycle, and the current motivational wave, according to its acceleration, has moved in the form of a complete cycle, which can correct itself to at least 50% of the previous wave, and then enter upward wave 3 or C, which It can move at least up to 100% of its wave. The current wave should have...
Dear Traders, 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 TAKE...
Dear Traders, Hope everyone doing excellent this week, we have an excellent opportunity of buying AUDUSD. Please keep in the mind that, price will ultimately depends on NFP data that will be out tomorrow afternoon. DXY is extremely bullish and that is why we have two area where we can exit the trade.
Supply Zone sell to next demand level of Fib extension levels
AUDUSD is trading near the psychological level at 0.66000. The market made a pullback in the form of an ascending channel. The price is in a bearish trend, and most likely it will continue going down, breaking the ascending channel. The market created the bearish harmonic pattern, which is extra confirmation at the resistance level. ------------------- Share...
Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used...
AUDUSD is approaching the H1 trendline, and i think is going to break it up. Dollar is getting weak, and on H1 and H4 my indicator are showing me some strength. A break above the trendline could lead the price till the next daily resistance, placed at 0.668
AUD/USD Trade alert: Strong USD vs RBA's rate decision Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding the likelihood of a March rate cut. At the turn of the year, it was priced...