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Audusdtrend

Market Analysis: AUD/USD SoftensMarket Analysis: AUD/USD Softens AUD/USD is consolidating gains near 0.6550. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a downside correction from 0.6620 against the US Dollar. - There was a break below a key bullish trend line with support at 0.6570 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 0.6480. The Aussie Dollar was able to clear 0.6550 to move into a positive zone against the US Dollar. There was also a move above 0.6580 and the 50-hour simple moving average. Finally, the pair tested 0.6600. A high was formed near 0.6617 and the pair is now correcting gains. There was a move below 0.6600 and a key bullish trend line with support at 0.6570. The pair declined below the 50% Fib retracement level of the upward move from the 0.6478 swing low to the 0.6617 high. On the downside, initial support is near the 61.8% Fib retracement at 0.6530. The next key area to watch could be 0.6510. If there is a downside break below 0.6510, the pair could extend its decline toward 0.6480. Any more losses might signal a move toward 0.6420. On the upside, the AUD/USD chart indicates that the pair is now facing hurdles near 0.6560. The first key breakout zone might be 0.6595. An upside break above 0.6595 might send the pair further higher. The next stop for the bulls could be 0.6620. Any more gains could clear the path for a move toward 0.6720. 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 - PREPARING FOR A NEW UPTREND?Symbol - AUDUSD AUDUSD is currently in a corrective phase after breaking above the resistance of its descending channel. To maintain bullish momentum, the market needs a period of consolidation or the development of a trading range above 0.6525 The US dollar remains in consolidation, showing limited potential for further gains. Growing anticipation ahead of the upcoming Federal Reserve meeting could provide support for the Australian dollar. The pair is moving into a distribution phase after a period of consolidation. The breakout above 0.6525 confirmed a clean break of the descending channel’s resistance, indicating the early stages of a potential trend reversal. Sustained price action above this level could open the door for continued upward movement. Resistance levels: 0.6567, 0.6610 Support levels: 0.6525, 0.6493 At present, the pair is attempting to establish a shift in trend direction. The ongoing consolidation and distribution above the previously broken trendline are encouraging signs. However, forming a well-defined trading range will be crucial to confirm the beginning of a new short-term uptrend.
Long
by akshit_official
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
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
1
AUDUSD: Asian foreign exchange market increased slightly as the Most Asian currencies rose on Wednesday, seeing relief as the dollar eased in anticipation of more signals from the Federal Reserve on its path to adjusting interest rates. Regional units are still suffering heavy losses in recent sessions as fading expectations of an early Fed rate cut sent the dollar rallying to a three-month high. However, the greenback has fallen significantly from recent highs this week, bringing relief to Asian markets. USD falls after Fed minutes, speakers in sight The dollar index and dollar index futures both fell about 0.1% each during the Asian session, as investors took some profits in the greenback ahead of a series of signals Fed this week. Minutes from the Fed's late January meeting are due later on Wednesday, after the bank kept interest rates steady and largely downgraded expectations for an early rate cut. In addition to the minutes, a host of Fed officials will also speak this week, including Raphael Bostic and Michelle Bowman later on Wednesday.
Long
by Chart_MasterPro
AUDUSD | Technical Analysis| Good Long Opportunity If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by MaxProfHacker
AUDUSD - FULL ANALYSIS BREAKDOWN & UPDATE !!Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Short
by AlphaTrading-Group
AUD/USD Analysis With An Elliott Wave And Triangle PatternThe above chart is an incremental trend, in which I have applied the Elliott wave pattern to get the levels. At the end of the major support, it's making an ascending triangle . That, I have described in detail in the above chart. The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300 . If there will be a situation of continuous fall, and it falls up to 0.7100 , then the targets will be ( 0.7000-0.6960 ). But if there a reversal and with the help of support trendline trend rises, then it will knock the targets ( 0.7336 - 0.7400 ).
by forextidings
AUDUSD Ascending Triangle At TopAUDUSD is forming an ascending triangle in upward trend. It will be an interesting price action in AUDUSD pair. If AUDUSD breaks the ascending triangle on upside, we might see further trend continuation till resistance level (as mentioned in chart). If it breaks on downside we might see small pull towards trendline support as first small target. If it breaks trendline, the support line will be second target for AUDUSD. Like/Comment/Follow For More Idea. Note - Trade With Proper Risk Management System Only Thanks
by Fx_Trader_ViSa
2