As you know, I've been bullish AudUsd and called for a rise to 0.69 zone resistance. The target was reached at the end of the year and the pair started to correct immediately after. Although AudUsd started the year badly, the trend started in November remains strongly bullish and this correction could represent the opportunity for bulls to enter at a better...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
The US dollar posted strong gains on the first trading day of the year, supported by rising US yields. Market participants are currently awaiting the release of upcoming US labor market data and European inflation data to determine the direction of central bank policy. The dollar index, a measure that compares the U.S. currency with six other major currencies,...
Hello, According to my analysis of AUD/USD, the market has reached a very important stage. It has reached the strong resistance level at 0.69000. The price has bounced off it several times. We note that the pair reached the top of the ascending channel and was unable to penetrate it upwards. This puts pressure from the bears to fall further. Good luck everyone.
Happy New Year 2024. AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with...
Hello Fellow traders, Im expecting retracement on this pair. Target and entries are base on your profit taking . trade at your own risk. This is not a financial advice. chart at higher timeframe takes time to make it happen.
The foreign exchange market, influenced by economic policies and global events, is undergoing a significant transformation in the AUDUSD currency pair. This analysis delves into the repercussions of the Federal Reserve's (The Fed) dovish policy decisions on the USD and explores how this has contributed to the strengthening of the Australian Dollar. Federal...
AUD USD is moving in an ascending channel, The price has reached the Higher High Level of the channel for the 3rd time, which is also a strong resistance level Upon reaching the HH level the market has formed a Doji candlestick pattern with a close below which is a good confirmation for a sell. What do you think ?
Hi Traders! AUDUSD is having a strong finish to end the year and is targeting the 6-month high at 0.68948. Here are the details: After the double top at 0.68948 six months ago, AUDUSD was in a bear market for two months and then went into a range zone for three months. Last month, the market finally broke the 0.65175 range zone resistance and has been in a bull...
OANDA:AUDUSD The Aussie is still trading in the ascending channel as we spotted last week, there's evolvement of the structure on the 4HTF, and currently price is approaching the upper dynamic trendline. Waiting for the test of that trendline with a continuation pattern before going short. My target is to Price @0.67300
AU is also on my watchlist this upcoming week, its bullish trend has been giving entries all month. we could also come down to the 1h snd but thats less likely. as always, follow your trading rules and position yourself wisely
Here is my analysis for AUDUSD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my analysis for AUDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence. Waiting for price to test the upper dynamic trendline that serves as my support before going short. If you found this helpful, please support your fellow trader with a like.
The AUD/USD pair has shown bullish momentum by breaking out of its previous range and establishing a new high. This breakout indicates strength in the upward trend. After setting this new high, the price action has entered a consolidation phase, now ranging between the new daily high and the monthly pivot point. This consolidation is a common pattern following a...
AUD-USD - NEW HIGHS? Aud-Usd with a not very dovish policy , can reach the next resistance soon. Im long on Aud-Usd from the support zone.
This transaction is long-term, guys AUDUSD: AUD's growth rate is relatively slow, but relatively sustainable. The current Australian dollar trading scenario is relatively positive and clear. Ace may consider keeping its buying strategy in AUDUSD. The pair has broken the downtrend, so this uptrend can move up to the 0.6900 area.
After 3 try to break upper line of channel, AUDUSD has firm wedge top and has chance to fall to median line. Heavy zone, no momentum and need to correct. Trade safe. Good luck.