AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
The Aussie (AUD/USD) could rise towards a potential breakout level and climb higher from here should we see a hawkish monetary policy statement at 3:30 am GMT as well as a hawkish press conference by RBA Governor Michele Bullock at 4:30 am GMT. Buy entry is at 0.65826 which is a potential breakout level. Stop loss is at 0.65220 which is a level that lies...
Today's focus: AUDUSD Pattern – Range /Distribution? Support – .6287 Resistance – .6520 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Today, we have run over the AUDUSD as price continues to test resistance after Friday's fantastic rally after US employment data sunk the USD. Technically price looks...
For Kiwi, the RBA will be key but technically, the pair is testing last week's highs and there are prospects of a reversion to the trendline.
AUDUSD bulls are taking the lead at the start of the week ahead of the RBA. There are prospects of a three-day set up as explained in the video.
EURAUD is on the verge of a move towards support but a correction is nigh.
AUD/USD is on the bid on the back of the RBA, but we are heading into resistance, so a correction could be on the cards.
As seen in the video - I am short the Aussie Dollar against the almighty greenback. The RBA needs to get more aggressive in hiking interest rates, in order to compete with the Fed in the US. The Dollar USD will continue to be strong against all other currencies as they raise interest rates aggressively and be the defense trade in these uncertain times. Although...
AUD/USD has been belted in recent weeks as the USD bullied every major FX pair. The selling is overdone and into major support ahead of the FOMC meeting tonight. Yesterday the RBA raised rates by 0.25% to 0.35% and we have begun the rate hike cycle with the central bank refocused on inflation. We look for buy the rumour sell the fact USD selling tonight after...
Hi Traders, we have very interesting situation on daily chart, if that was classical stop hunt bulls got big chance All details with entry, stop and first target recorded. Enjoy!
Hey hey! Heres an excellent trade setup on AUDUSD and some trading wisdom bombs!
In today’s #marketinsights video recording, I talk mainly about #RBA and why #Aussie in somewhat bid and I also touch #eurodollar. #AUDUSD, despite yesterday's slide and regardless of trade war narratives, was pushed higher earlier in the session on the back of RBA's hold. The pair was supported as the bank kept the inflation outlook unchanged and reiterated that...