Audusd is turning higher I believe, showing evidences of a bottom with current recovery from the lows, that looks impulsive. Also, inflation in Australia came out stronger this week and copper, plus HSI are higher as well. This can keep aussie in uptrend as discussed in video. Thx for watching.
The AUDUSD pair has been exhibiting a robust uptrend characterized by consistently forming higher highs (HHs) and higher lows (HLs). However, a notable divergence was identified on the 1-hour timeframe, signalling a potential shift in momentum. Subsequently, a prominent Double Top Pattern has emerged, suggesting a possible reversal of the prevailing trend,...
Could this be the next BEAR RUN for AUDUSD? Based on what price action is showing, the market is testing a strong major structure. The market is still bearish on Weekly TF. We could probably see a downtrend movement by this week. Let's see how this will play out. Feel free to share your ideas
Chart shows divergence further double top is also confirming trend reversal so we can take entry at the break of trend reversal.
The AUD/USD pair continues its upward trajectory, marking its second consecutive day of gains after finding support at the 0.6400 level on Wednesday. Despite facing a mixed bag of economic data, the Aussie dollar remains steadfast, exhibiting resilience in the face of uncertainty. On the economic front, the Australian dollar experienced contrasting news. While...
Bearish, re-tracement leg in progress with a possibility of more liquidity creation within range. Patiently waiting for price to reach zone before initiating sells for potential lower prices. Safe & happy trading.
im seeing a good sell potential but its little risky Risk takers can have a look at this chart
WEEKLY - Bearish market structure - Bearish w - SD zone DAILY - Bearish market structure - Bearish w & IC - SD zone
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that. Always follow your trading plan, trade management, and risk management. There is no place for luck in...
Preferred direction: BUY Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of ...
Audusd is stronger than others non-usd pairing, as you can see it was a good ratio to win as well with long trade.
AUDUSD has surpassed and closed above an important intraday horizontal resistance level. This previous resistance has now become a support level. There is potential for further growth in the market, with targets set at 0.6544 and 0.6583.
Market Structure Bearish on HTF Weekly and Daily at same AOI Strong Weekly rejection at AOI Weekly break and retest of broken support Previous Daily Structure Point Daily EMA retest Daily Rejection at AOI Around psychological level 0.65000 H4 Rejection at AOI
AUSTRALIAN DOLLAR Q2 FUNDAMENTAL OUTLOOK The Australian Dollar has been weak against the US Dollar in recent years, including 2024. However, there may be some positive news for Australian currency bulls, mainly due to weakness in the US Dollar rather than strong economic performance in Australia. Rising US interest rates and the safe-haven status of the Greenback...
AUSTRALIAN DOLLAR ( OANDA:AUDUSD ) ANALYSIS - Australian inflation eases less than anticipated in March and Q1 as a whole - AUDUSD continues to benefit from the return to risk assets AUSTRALIAN INFLATION EASES LESS THAN ANTICIPATED IN Q1 Monthly, quarterly and yearly inflation measures showed disappointing progress towards the Reserve Bank of Australia’s...
1. Bias is Bearish...holding off trading till 2nd May anticipates the liquidity hunt and reduces the risk... 2. To maintain bearish bias, price needs to stay below 0.66664.
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6545 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.6572 which is a level that sits above a pullback resistance. Take profit is at 0.6483 which is an overlap...
We are expecting the AUDUSD to move higher which means US Fed cuts or RBA jacks up rates due to necessity to reduce the impact of inflation. A weaker AUD means the cost of imports rises because 90% of goods are imported and not made locally. As you can see there is an unofficial band which this pair trades in most of the time. 62 - 82 cents is this unofficial...