We expect further downside on this pair, signalled by the formation of the new lower low which is a sign of bearish market structure. We can also see the breakout and retest of a key level which further supports our directional basis.
AUD/USD Gains Positive Momentum Amid Global Market Dynamics The Australian Dollar (AUD) is riding a wave of positive momentum during Friday's European session, extending its bullish trend from earlier in the week. A brighter sentiment in European markets and some profit-taking after a robust US dollar rally are contributing to the Aussie's upward trajectory. ...
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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...
Self explanatory. Let's move on to complete the top down analysis
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.
Waiting for a break and retest at 0.65252 to short AUDUSD back to 4H ley level at 0.63879 If you agree drop a like and if you have any questions leave a comment :)
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...
Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in an acccumulation phase so I expect we could see AMD pattern, price firstly to manipulate buy side liquidity and to fill the imbalance higher, then to distribute lower. Fundamental news: On Friday we will see results of NFP and Unemployment Rate. Pay attention to the results in...
Pin bar, doji whatever you choose to call it on H4 timeframe indicating a reversal. Looking for next 4 hours to continue bearish.
Waiting for a retest of supply zone with confirmations on lower timeframe to enter a sell position.
Price rejected strong support level at 0.6550 (Swing level). High chances for the price to follow the daily trend (up). Price consolidated for almost 1 week and bullish engulfing candle formed on 29th Jan 24. Trendline breakout. Price might do deep retracement (to level 0.6590) before continue the up move.
Two weeks ago, AUD/USD reached a significant support zone at 0.65. Following a slight rebound from this zone, the pair entered a consolidation phase throughout last week. The overall bullish trend that began in late October remains intact, suggesting that the pair may continue its upward movement. My bullish stance persists as long as the 0.65 support level...
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...
Waiting for a retest at 0.66401 to short AUDUSD back to key 4H level at 0.65348 If you agree drop a like and if you have any questions leave a comment :)