The AUD/USD pair kicked off the new week on a positive note, hinting at a potential rebound from a significant support area that aligns with the 78.6% Fibonacci retracement level. This comes after a bearish reversal observed last week, which saw the pair correcting from its previous bullish momentum. Recent Trading Activity Last week, we successfully closed a...
Range trading is as valid as any other, but not many traders play a range. If you are inclined to, you might want to consider this one. At least 2 touches on both sides are required to form a range and we do have that. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in...
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut interest rates. The Wall Street bank's view was reinforced by robust Australian labor market data, suggesting potential for...
RBA decision: Will the Aussie Dollar break out? A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a 3% probability of a 25-basis point cut. Last week, ANZ became the first of...
EUR/AUD has reacted off an overlap resistance and the bearish momentum could potentially cause it to drop lower. Sell entry is at 1.6274 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.6346 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6630 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6581 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit...
The Australian Dollar (AUD) recovered some ground on Monday after a decline in the previous session. This movement comes as the US Dollar (USD) strengthened due to better-than-expected US employment data released on Friday. The strong jobs report has led traders to push back their expectations for Federal Reserve (Fed) rate cuts, exerting pressure on the AUD/USD...
Friday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday. AUD/USD managed a minor rebound from its 100 and 200-day...
The Aussie (AUD/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.6562 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.6502 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit...
The Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6712 which is a swing-high resistance that aligns with the 78.6% Fibonacci projection level. Stop loss is at 0.6750 which is a level that sits above the 100.0% Fibonacci projection. Take profit is at 0.6633 which is a...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6689 which is a pullback resistance. Stop loss is at 0.6724 which is a level that sits above a swing-high resistance. Take profit is at 0.6601 which is a multi-swing-low support that lies above the 50.0% Fibonacci...
Hi again, AUDUSD pair has solid long positions backing in recent data and institutional futures positions. After data release now the long from here 0.663 AUDUSD might work, but I prefer to wait for better position. I will build longs and stop loss accordingly to the long position I shared on chart.
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6601 which is a pullback support that aligns with the 100.0% Fibonacci projection level. Stop loss is at 0.6569 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6601 which is a pullback support. Stop loss is at 0.6569 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 0.6665 which is a pullback resistance. High Risk...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6594 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6547 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6672 which is a pullback resistance. Stop loss is at 0.6995 which is a level that sits above a pullback resistance at 0.6679. Take profit is at 0.6641 which is an overlap support. High Risk Investment Warning Trading...
The Strong Rejection of the Downside below 0.6400 has been tempered by the FOMC minutes and stronger US Confidence data and the AUD/USD has pulled back from 0.6700. Support has been found at 0.6590 and we are currently on Front Foot into 0.6630. Aussie has a couple of risk events with Aussie Retail Sales Tuesday which were weak last month and then the Monthly CPI...