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AUDUSD SELL | Idea Trading AnalysisAUDUSD is moving on Resistance zone.. The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
19
AUD/USD Rises to a Yearly HighAUD/USD Rises to a Yearly High As the AUD/USD chart indicates, the pair updated its yearly highs today, reaching levels above 0.6710. Since the beginning of December, it has risen by approximately 2.45%. Key bullish drivers include: → Central bank policy divergence. While the Federal Reserve is cutting interest rates, the Reserve Bank of Australia is seriously discussing the possibility of rate hikes in 2026 (as reflected in the minutes of the latest RBA meeting). → Record-high gold prices. As the Australian dollar is a commodity currency, it shows a strong correlation with prices of key export commodities. Technical analysis of the AUD/USD chart In December, price action continued to form an ascending channel. In this context: → the price found support near the lower boundary between 18 and 22 December; → the median line regained its role as support (as indicated by the arrow). However, bulls have a serious reason for concern. After breaking above the September high near the 0.6707 level, a Double Top pattern appears to be forming. From a Smart Money Concept perspective, this setup may be interpreted as a bearish liquidity sweep. Given the above, we can assume that the median line may still act as support. Nevertheless, if bears manage to seize control, the AUD/USD exchange rate could decline towards the lower boundary of the channel and attempt a downside breakout. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Market Analysis: AUD/USD Test Support, Break or Bounce Next?Market Analysis: AUD/USD Test Support, Break or Bounce Next? AUD/USD is attempting a fresh increase from 0.6630. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a minor pullback from 0.6685 against the US Dollar. - There is a key bullish trend line forming with support at 0.6645 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair formed a base above 0.6600. The Aussie Dollar started a decent increase above 0.6630 against the US Dollar to enter a short-term positive zone. The pair struggled above 0.6680 and recently corrected some gains. The recent low was formed at 0.6632. The pair is now consolidating and facing resistance near the 50% Fib retracement level of the downward move from the 0.6677 swing high to the 0.6632 low at 0.6655 and the 50-hour simple moving average. The AUD/USD chart indicates that the pair could struggle to clear the 76.4% Fib retracement at 0.6665. The first major hurdle for the bulls could be 0.6685. An upside break above 0.6685 resistance might send the pair further higher. The next major target is near the 0.6720 level. Any more gains could clear the path for a move toward 0.6750. If there is no close above 0.6665, the pair might start a fresh decline. Immediate bid zone could be near the 0.6645 level. There is also a key bullish trend line forming with support at 0.6645. The next area of interest is 0.6630. If there is a downside break below 0.6630, the pair could extend its decline toward 0.6600. Any more losses might signal a move toward 0.6570. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
#AUDUSD: Accumulated Completed Now Time For DistributionThe AUD/USD currency pair has been quite active lately. It has moved from a period of buying to an early selling phase. This analysis looks at the market, how prices are moving, technical tools and what might happen when trading, keeping an eye on how to manage risk. 1. Market Overview The Australian Dollar (AUD) has become stronger against the US Dollar (USD). After a long period of little change, the price action seems to be changing. The bulls are still in charge, with a target swing at 0.7050, which could be a 400-pip move from where they were accumulating. In terms of the economy, AUD’s strength is supported by stable commodity prices and a positive outlook for Australia. The USD is feeling a bit uncertain because people are speculating about what the Federal Reserve will do next and how much risk people are willing to take around the world. Price Action Structure: Accumulation Phase: The pair stayed around the 0.6650 – 0.6750 range, which showed that big investors were buying. This usually happens before a big move, which we saw on both daily and H4 charts. Breakout and Shift to Distribution: Recently, the price broke above the main resistance near 0.6800, which means it is going up. This confirms that the accumulation phase was right and that the market is set up for buyers. The next step is to move into the distribution phase, where prices are aiming for higher targets and testing the upper resistance zones before any possible reversal. Swing Targets: The main focus is on 0.7050, a spot where the price has reacted quite strongly before. For smaller gains, we have intermediate targets at 0.6920 and 0.6990. This move could be worth about 400 pips, which is a good chance for traders who are careful. Fibonacci Retracement Levels: A Fibonacci projection hints at possible targets around 0.6990 (which is a 1.618 extension) and 0.7050 (which is a 2.0 extension), which helps us stick to our price targets. - First target: 0.6920 (this is where resistance is) - Second target: 0.6990 (this is where Fibonacci levels meet) - Final swing target: 0.7050 (this is a big supply zone) The way people feel about the market can help us decide when to buy or sell. Smart money got in during the time when prices were building up, but they weren’t sure what to do. When the price broke out, it showed that more people were feeling bullish, and retail traders were joining in. The last part of the move towards 0.7050 will probably get more momentum traders before the price goes into a new pattern and might reverse. Things like how well commodities are doing and what people expect the US interest rate to be will affect the pair. If people suddenly change their minds about risk, the price could get really volatile, so it’s important to keep an eye on news. The AUD/USD pair has moved from a time when prices were building up to a bullish breakout, which means we might see a 400-pip move with a main target at 0.7050. The intermediate targets at 0.6920 and 0.6990 are good places to think about taking some profits. Looking at things like moving averages, RSI and Fibonacci levels, we can see that this is a good time to be bullish. Traders should be careful with their risk, avoid using too much leverage and stay alert to important economic events that could change the price. By sticking to a plan and being disciplined, they can make the most of this good situation in the forex market. Team Setupsfx_
Long
by Setupsfx_
10
AUDUSD FRGNT DAILY FORECAST - Q4 | W50 | D10 | Y25 |📅 Q4 | W50 | D10 | Y25 | 📊 AUDUSD FRGNT DAILY FORECAST 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:AUDUSD
Short
by JCFRGNT
1
AUD/USD Holds Ground as Markets Watch Fresh UpsideMarket Analysis: AUD/USD Holds Ground as Markets Watch Fresh Upside AUD/USD started a fresh increase above 0.6500 and 0.6550. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a decent increase above 0.6500 against the US Dollar. - There is a key bullish trend line forming with support at 0.6510 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair started a fresh increase from 0.6500. The Aussie Dollar was able to clear 0.6550 to move into a positive zone against the US Dollar. There was a close above 0.6500 and the 50-hour simple moving average. Finally, the pair tested 0.6580. A high was formed near 0.6580 and the pair recently started a short-term downside correction. There was a minor decline below 0.6550. There was a move below the 50% Fib retracement level of the upward move from the 0.6463 swing low to the 0.6580 high. On the downside, initial support is near a key bullish trend line at 0.6510 and the 61.8% Fib retracement. The next area of interest could be 0.6490. If there is a downside break below 0.6490, the pair could extend its decline toward the 0.6465 zone. Any more losses might signal a move toward 0.6420. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6540 and the 50-hour simple moving average. The first major hurdle for the bulls might be 0.6550. An upside break above 0.6550 might send the pair further higher. The next stop is near 0.6580. Any more gains could clear the path for a move toward 0.6620. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Australian Dollar Rises Above $0.660Australian Dollar Rises Above $0.660 According to the AUD/USD chart today, the Australian dollar has climbed to its highest level in three weeks. The currency’s strength stems from the following factors: → Australia’s monthly consumer price index (CPI) came in stronger than expected. According to Forex Factory, annual inflation reached 3.5%, compared with analysts’ forecasts of 3.1%. This marks the highest reading since July 2024, pointing to renewed inflationary pressure. → As a result, traders have significantly reduced bets on further monetary easing. Data from Trading Economics shows that the probability of the Reserve Bank of Australia keeping its interest rate unchanged at 3.6% at its 4 November meeting is now close to 90%. Technical Analysis of the AUD/USD Chart Since mid-September, movements in the AUD/USD pair have formed a descending channel (shown in red), built on a series of lower highs and lows starting from point A. However, note that in mid-October: → the price dipped below the lower boundary; → the RSI indicator entered oversold territory; → candles displayed large bodies; → an inverted head and shoulders reversal pattern emerged. From a Smart Money Concept perspective, it is reasonable to assume that within the area marked by the purple rectangle, Smart Money was accumulating sellers’ liquidity to build long positions. Following this, the Australian dollar showed strong momentum as the price broke through: → resistance at 0.6520 near the channel’s median (forming a bullish gap in the process); → the upper boundary of the red channel around 0.6565. Building on this view → the price now appears to be moving towards a liquidity zone, where Smart Money could find sufficient buy-side liquidity. This area may lie above the 0.6630 level, which previously acted as resistance in early October. It is also possible that today’s Federal Reserve decision (the Federal Funds Rate announcement scheduled for 21:00 GMT+3) will help this scenario play out. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUDUSD Trade Plan - Waiting for a Pullback & Structure Break.The AUDUSD has officially broken structure to the upside, signaling bullish momentum ✅. I’m currently waiting for price to retrace back into equilibrium within the previous swing range before considering any long positions—price is overextended at current levels and chasing here wouldn’t be smart ⚖️📉. Patience is key as I wait for premium liquidity zones to be tapped for a high-probability entry setup 🎯. ⚠️ Disclaimer: This is market analysis and not financial advice. AUDUSD Trade Plan - Waiting for a Pullback & Structure Break.
Long
by fxtraderanthony
AUD/USD Recovers, Are Gains Just Getting Started?Market Analysis: AUD/USD Recovers, Are Gains Just Getting Started? AUD/USD is attempting a recovery wave from 0.6440. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. - There was a break above a key bearish trend line with resistance at 0.6490 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair dipped from well above 0.6600. The Aussie Dollar declined below 0.6500, but the bulls were active near 0.6440 against the US Dollar. A low was formed near 0.6440, and the pair is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward wave from the 0.6612 swing high to the 0.6440 low. There was also a break above a key bearish trend line with resistance at 0.6490. The pair is now above 0.6500 and the 50-hour simple moving average. On the upside, immediate resistance is near the 50% Fib retracement at 0.6525. The first major hurdle for the bulls could be 0.6545. A clear upside break above 0.6545 could send the pair toward 0.6610. The next area of interest on the AUD/USD chart is near 0.6650, above which the price could rise toward 0.6680. Any more gains might send the pair toward 0.6720. On the downside, initial support is near 0.6490 or the 50-hour simple moving average. The key breakdown zone could be 0.6465 and 0.6440. Any more losses might send the pair toward 0.6400. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUD/USD Holds Firm, More Upside Moves On The Way?Market Analysis: AUD/USD Holds Firm, More Upside Moves On The Way? AUD/USD started a fresh increase above 0.6550 and 0.6575. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a decent increase above 0.6575 against the US Dollar. - There is a key declining channel forming with resistance at 0.6615 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD the pair started a fresh increase from 0.6520. The Aussie Dollar was able to clear 0.6550 to move into a positive zone against the US Dollar. There was a close above the 0.6575 resistance and the 50-hour simple moving average. Finally, the pair tested 0.6630. A high was formed near 0.6628 and the pair recently started a consolidation phase. There was a minor decline below 0.6600. There was a move below the 23.6% Fib retracement level of the upward move from the 0.6520 swing low to the 0.6628 high. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6615 and a key declining channel. The first major hurdle for the bulls might be 0.6630. An upside break above 0.6630 might send the pair further higher. The next stop is near 0.6650. Any more gains could clear the path for a move toward the 0.6700 handle. On the downside, initial support is near the 50% Fib retracement at 0.6575. The next area of interest could be 0.6545. If there is a downside break below 0.6545, the pair could extend its decline toward the 0.6520 zone. Any more losses might signal a move toward 0.6500. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
AUD/USD Price Outlook – Trade Setup📊 Technical Structure OANDA:AUDUSD AUD/USD is consolidating around the 0.6600 handle, finding interim support near the 0.6572–0.6582 zone. The pair remains in a medium-term uptrend, supported by a rising trendline, and the current pullback appears corrective. A rebound from the support zone could see the pair retest the 0.6669–0.6680 resistance area. 🎯 Trade Setup Entry: 0.6572 – 0.6582 (near support) Stop Loss: 0.6564 Take Profit: 0.6680 Risk-to-Reward: ~1 : 5.41 🗝️ Key Technical Levels Resistance Zone: 0.6669 – 0.6680 Support Zone: 0.6572 – 0.6582 Trendline Support: rising from 0.6500 🌍 Macro Background The Australian Dollar remains under modest pressure after mixed domestic data: the AiG Industry Index improved but stayed in contraction and the Manufacturing PMI eased to 51.4. The Reserve Bank of Australia (RBA) kept rates at 3.6%, noting inflation remains contained for now, but signalled no clear forward guidance until November. On the US side, the looming government shutdown and expectations of a Fed rate cut in October (97% priced in) keep the US Dollar subdued, limiting AUD downside. If US data disappoints this week, AUD/USD could gain traction toward the resistance area. 📌 Trade Summary AUD/USD is showing buying potential from the support zone near 0.6582, with upside room toward 0.6680. The setup favours a long position, backed by trendline support and dovish Fed expectations. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global
1
AUD/USD Technical Roadmap – From TMA Pullback to Resistance Zone🦘 The Aussie Heist: AUD/USD Wealth Strategy Map (Swing/Day Trade) 💰 Asset: AUD/USD ("The Aussie") Vibe: Bullish breakout with a cheeky thief-style layered entry! 😎 📜 The Master Plan: Stealing Profits with Style! We’re cooking up a bullish setup on AUD/USD with a thief-inspired swing/day trading strategy. Here’s the blueprint to nab those pips: ✅ Bullish Confirmation: A solid bullish pan formation, backed by a Triangular Moving Average (TMA) pullback. ✅ Heikin Ashi Power: Bullish Heikin Ashi candles screaming, "The trend is your friend!" ✅ Double Bottom Setup: A classic double bottom on the TMA pullback, giving us that extra confidence to strike. 🕵️‍♂️ Entry: The Thief’s Layered Heist This is where the Thief Strategy shines! We’re using a layered entry approach with multiple buy limit orders to sneak into the market like a pro. No single entry for us — we’re stacking the odds! Buy Limit Layers: 🎯 0.65700 🎯 0.65800 🎯 0.65900 🎯 0.66000 Pro Tip: Feel free to add more layers based on your risk appetite — the more, the merrier! Just keep it calculated, you sly fox. 🦊 Note: You can enter at any price level within this range if you spot a good opportunity. The thief’s motto? Strike when the market’s distracted! 🛑 Stop Loss: The Thief’s Escape Plan Set your Stop Loss at 0.65500 to keep the cops at bay. Disclaimer: Dear Ladies & Gentlemen (Thief OGs), this SL is my suggestion, but it’s your heist! Adjust it to your risk tolerance and protect your loot. 💼 🎯 Target: Dodging the Police Barricade Our profit target is set at 0.66800, where we expect a strong resistance zone (aka the police barricade), potential overbought conditions, and a sneaky trap for the bulls.Escape Plan: Lock in profits before the market turns on you! Note: Thief OGs, this TP is my take, but you’re the boss of your trades. Take profits at your comfort level and run with the cash! 💸 🔍 Related Pairs to Watch Keep an eye on these correlated forex pairs (all in USD) to spot potential confirmations or divergences: OANDA:NZDUSD : The Kiwi often moves in tandem with the Aussie due to their economic ties. Watch for similar bullish setups! OANDA:USDCAD : An inverse correlation — if USD weakens, AUD/USD and NZD/USD may rally. FX:EURUSD : A broader USD strength/weakness gauge. If EUR/USD is climbing, it could support our bullish AUD/USD bias. Key Point: AUD/USD is sensitive to commodity prices (gold, iron ore) and risk sentiment. A strong bullish move in NZD/USD or a weakening USD across pairs could supercharge this setup! ⚡ Why This Setup Rocks TMA Pullback: A reliable signal for trend continuation. Heikin Ashi Confirmation: Filters out noise and keeps us on the bullish path. Layered Entries: Spreads risk and maximizes entry opportunities. Double Bottom: A high-probability reversal pattern for extra confidence. This setup is designed for swing/day traders who love a calculated, fun approach to the markets. Let’s steal those pips together! 😜 ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” Disclaimer: This is a thief-style trading strategy crafted for fun and educational purposes. Trade at your own risk, and always use proper risk management. No financial advice here — just a playful take on market opportunities! #TradingView #AUDUSD #ForexTrading #SwingTrading #DayTrading #ThiefStrategy #TechnicalAnalysis
Long
by The-Thief
AUD/USD Trims Gains, Will Bears Take Full Control?Market Analysis: AUD/USD Trims Gains, Will Bears Take Full Control? AUD/USD failed to stay in a positive zone and declined below 0.6650. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a fresh decline from well above 0.6680 against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6610 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair struggled to clear 0.6700. The Aussie Dollar started a fresh decline below 0.6650 against the US Dollar. The pair even settled below 0.6620 and the 50-hour simple moving average. There was a clear move below 0.6600. A low was formed at 0.6581 and the pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 0.6706 swing high to the 0.6581 low. On the upside, immediate resistance is near a connecting bearish trend line at 0.6610 and the 50-hour simple moving average. The next major hurdle for the bulls could be near 0.6645 and the 50% Fib retracement. The main selling point could be 0.6660, above which the price could rise toward 0.6690. Any more gains might send the pair toward 0.6700. A close above 0.6700 could start another steady increase in the near term. In the stated case, the next key resistance on the AUD/USD chart could be 0.6750. On the downside, initial support is near 0.6580. The next area of interest might be 0.6550. If there is a downside break below 0.6550, the pair could extend its decline. The next target for the bears might be 0.6500. Any more losses might send the pair toward 0.6420. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUD/USD Heist: Bullish Loot Ready for the Taking?💵 AUD/USD "AUSSIE" Forex Bank Heist Plan (Swing/Day Trade) 🐨🔥 🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰💸✈️ Based on the 🔥Thief Trading style technical & fundamental analysis🔥, here is our master plan to rob the Aussie Forex vault! 🏦💣 We’re pulling off a Bullish Heist on AUD/USD, and the doors are wide open! 🚪🔓 🎯 Entry (Loot Grab Point) 📈 “Any price level is a chance to rob the vault!” Thief strategy = Layering multiple limit orders 🧩💎 Buy Limit Layers: 0.65000 / 0.65100 / 0.65200 / 0.65300 You can increase the limit layers based on your arsenal & bankroll 💼💵 🕵️ Remember, Thief OG’s never enter with one bullet – multiple shots, multiple loot bags. 🛑 Stop Loss (Police Patrol Spot) This is the Thief SL 🚨 @ 0.64600 But… dear Thief OG’s, adjust SL based on your risk appetite & lot sizing strategy. 📉💼 We don’t all escape the same way 😉 🎯 Target (Escape Point) ⚠️ Police barricade spotted @ 0.66600 🚧👮 So we take our loot escape route at 0.66400 🏃💨💰 before they catch us! 📰 Thief Fundamental Reminder 📌 AUD/USD heist depends on Fed whispers, Aussie data releases & risk sentiment. 📌 Avoid new robberies during major news drops (NFP, CPI, RBA statements). 📌 Manage positions smartly: use trailing stops to lock in stolen profits 💼🔐. 💖 Supporting our robbery plan 💥Hit the Boost Button💥 will power up the Thief Crew! 🏆💪🤝❤️🎉🚀 Every day in this market, we rob smart, escape clean, and count profits like legends. 🤑🐱‍👤 ⚠️ Disclaimer: This is a robbery plan, not financial advice. Follow at your own risk. #AUDUSD #ForexHeist #ThiefTrader #LayeringStrategy #DayTrading #SwingTrading #ForexCommunity #BankHeistPlan #ForexSignals
Long
by The-Thief
AUD/USD Rally Attempts, Will Buyers Stay in Charge?Market Analysis: AUD/USD Rally Attempts, Will Buyers Stay in Charge? AUD/USD started a decent increase above 0.6580. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a decent increase above 0.6545 against the US Dollar. - There was a break above a contracting triangle with resistance at 0.6530 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.6500. The Aussie Dollar was able to clear 0.6520 to move into a positive zone against the US Dollar. The bulls cleared a contracting triangle with resistance at 0.6530. There was a close above the 0.6550 resistance and the 50-hour simple moving average. Finally, the pair tested 0.6585. A high was formed near 0.6588 and the pair recently started a consolidation phase. There was a move below the 23.6% Fib retracement level of the upward move from the 0.6501 swing low to the 0.6588 high. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6585. An upside break above 0.6585 might send the pair further higher. The next stop is near 0.6640. Any more gains could clear the path for a move toward the 0.6700 handle. On the downside, initial support is near the 50% Fib retracement at 0.6545. The next area of interest could be near the 50-hour simple moving average at 0.6535. If there is a downside break below 0.6535, the pair could extend its decline toward the 0.6500 zone. Any more losses might signal a move toward 0.6485. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Australian Dollar Surges SharplyAustralian Dollar Surges Sharply As illustrated by the AUD/USD chart, while the pair was trading near a two-month low at the start of Friday, today it has jumped by more than 1.1%. The primary driver behind this rally is the weakening US dollar, which reflects the market’s reaction to Jerome Powell’s comments at the Jackson Hole Symposium. He stated that the risks of declining employment are rising. And if these risks materialise, it could happen very quickly. According to Reuters, this strengthens the likelihood of a Federal Reserve rate cut at its meeting next month. At the same time, market participants are preparing for the release of Australia’s CPI data, scheduled for this Wednesday. Technical Analysis of AUD/USD On 14 August, we reviewed the dynamics of the Australian dollar and highlighted the following: → a descending channel was identified, with the AUD/USD chart signalling prevailing bearish sentiment; → the psychological level of 0.6500 was marked as critical. Since then: → the pair broke through the support line S around 0.6500; → on Friday it dropped to a two-month low; → but today it is showing signs of strength. What Could Happen Next? Bearish outlook: → the pair remains within the descending channel; → low 5 continues the sequence of lower highs and lower lows; → the sharp rally in AUD/USD might prove to be an overly emotional reaction to the Fed Chair’s remarks. Bullish outlook: → when forming low 5, the price fell only slightly below low 3. In SMC terminology, this can be interpreted as a bullish Liquidity Grab; → the black arrow indicates a long lower shadow – a sign that demand persisted over the weekend. Price action suggests an attempt to test the resistance area formed by: → the 0.6500 level, → the QH line dividing the upper half of the channel into two quarters, → the bearish candle (marked with a red arrow), where selling pressure was previously aggressive, breaking support at S – meaning supply dominance may still remain to some extent. If bulls manage to secure a foothold above 0.6500, this mght be interpreted as a significant shift in market sentiment in favour of demand. In the longer term, this could drive AUD/USD towards the upper boundary of the channel (with a possible breakout scenario). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: AUD/USD Starts Recovery, Key Hurdles AheadMarket Analysis: AUD/USD Starts Recovery, Key Hurdles Ahead AUD/USD is attempting a fresh increase from 0.6415. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support at 0.6415 and moved higher against the US Dollar. - There was a break above a key bearish trend line with resistance at 0.6440 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair formed a base above 0.6415. The Aussie Dollar started a significant increase above 0.6425 against the US Dollar to enter a short-term positive zone. There was a break above a key bearish trend line with resistance at 0.6440 and the 23.6% Fib retracement level of the downward move from the 0.6568 swing high to the 0.6415 low. The pair even surpassed 0.6470 and settled above the 50-hour simple moving average. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near the 50% Fib retracement level at 0.6490. The first major hurdle for the bulls could be 0.6520. An upside break above 0.6520 resistance might send the pair further higher. The next major target is near the 0.6540 level. Any more gains could clear the path for a move toward 0.6565. If there is no close above 0.6490, the pair might start a fresh decline. Immediate support sits near the 0.6470 level. The next area of interest could be 0.6440. If there is a downside break below 0.6440 support, the pair could extend its decline toward 0.6410. Any more losses might signal a move toward 0.6350. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
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Australian Dollar Retreats from August HighsAustralian Dollar Retreats from August Highs This week, forex traders’ attention is firmly on the AUD/USD market following key news releases from Australia: → Tuesday: Interest rate decision. According to ForexFactory, analysts’ forecasts were confirmed as the Reserve Bank of Australia (RBA) cut the cash rate from 3.85% to 3.60%. → Today: Labour market statistics revealed that the unemployment rate fell from 4.3% to 4.2%. This dynamic fundamental backdrop has driven a rich technical setup on the AUD/USD chart, where bearish sentiment currently prevails. Technical Analysis of the AUD/USD Chart Since last month, AUD/USD price movements have been forming a descending channel (highlighted in red), and this week’s reversal from the August high reinforces its relevance. Key factors emphasising the market’s bearish bias include: → Double top pattern formed by recent highs A and B. Notably, the long upper wicks of the candlesticks reflect increasing selling pressure. → The August upward move, marked by purple trendlines, may represent a corrective bear flag within the dominant downtrend. → Bearish RSI divergence – present not only between highs A and B, but also relative to the 7 July peak. Potential Support Levels: → Lower purple trendline; → Line Q, which divides the upper half of the channel into two quarters; → The 0.65 psychological level – previously defended strongly by bulls, as evidenced by the wide bullish candle on 12 August, when price surged easily (a sign of buying imbalance). These supports collectively form a key demand zone (shaded in purple). Bears will need significant momentum to break through this area and extend the prevailing downtrend in AUD/USD through August 2025. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: AUD/USD Much Higher—Uptrend Shows StrengthMarket Analysis: AUD/USD Much Higher—Uptrend Shows Strength AUD/USD started a decent increase above the 0.6480 and 0.6500 levels. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a decent increase above the 0.6450 level against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6530 on the hourly chart of AUD/USD. AUD/USD Technical Analysis On the hourly chart of AUD/USD, the pair started a fresh increase from the 0.6450 support. The Aussie Dollar was able to clear the 0.6470 resistance to move into a positive zone against the US Dollar. There was a close above the 0.6500 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6540 zone. A high was formed near 0.6541 and the pair recently started a consolidation phase. There was a move below the 23.6% Fib retracement level of the upward move from the 0.6449 swing low to the 0.6541 high. On the downside, initial support is near the 0.6510 level. The next major support is near the 0.6495 zone or the 50% Fib retracement level. If there is a downside break below 0.6495, the pair could extend its decline toward the 0.6470 level. Any more losses might signal a move toward 0.6450. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6530. There is also a connecting bearish trend line forming with resistance at 0.6530. The first major resistance might be 0.6540. An upside break above it might send the pair further higher. The next major resistance is near the 0.6580 level. Any more gains could clear the path for a move toward the 0.6600 resistance zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
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