check the trend If the price changes in the current resistance range, the beginning of the downward trend will be likely. If the price crosses the resistance range, it will be possible to continue the upward trendby STPFOREX2
Looking to short AUI am looking at some short opportunities for AU based on what I see from the Daily down to the 1m. Both short entry boxes are read from left to right 1m - 15m The target is the next 15m POI Swing Low.Shortby alldyn_pip_king2
Short Position setup based on Head & ShoulderHead & Shoulder pattern has been formed in AUDUSD. Sell Stop order has been placed and accordingly TP 1 TP2 is Forecasted.Shortby Trade_With_Sherry223
DeGRAM | AUDUSD breakout of the retracement levelAUDUSD is moving in an ascending channel between the trend lines. The price is above the support coinciding with the 62% retracement level. The chart has maintained an ascending structure. We expect the growth to continue after the support is retested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMUpdated 2212
AUD/USD Gains Momentum Following RBA Governor's RemarksThe AUD/USD pair is gaining traction after the Reserve Bank of Australia (RBA) Governor Michele Bullock indicated on Wednesday that the central bank is prepared to raise interest rates if the Consumer Price Index (CPI) does not return to the target range of 1%-3%, as reported by NCA NewsWire. This hawkish stance has provided a boost to the Australian Dollar, reflecting increased market confidence in the currency. Technical Analysis Overview From a technical perspective, the price action on Tuesday saw the AUD/USD pair touch and rebound from the 61.8% Fibonacci retracement level, initiating an initial bullish impulse. However, this upward movement was reabsorbed during the day. Today, we are looking to buy on dips, anticipating another bullish impulse. On the H4 chart, a divergence has been observed, reinforcing our bullish bias. This technical indicator suggests that despite some retracement, the overall trend remains positive, and the market may be poised for further gains. Key Factors Influencing AUD/USD 1. RBA Governor's Statement: Michele Bullock's remarks have underscored the RBA's readiness to adjust interest rates to control inflation, providing a strong bullish signal for the AUD. 2. CPI Concerns: The emphasis on the CPI returning to the 1%-3% target range highlights the RBA's commitment to price stability, further influencing market expectations regarding future monetary policy adjustments. Market Strategy Given the current technical setup and the fundamental backdrop, our strategy involves looking to buy on dips. The rebound from the 61.8% Fibonacci level and the observed divergence on the H4 chart support this approach. We anticipate that any pullbacks will provide buying opportunities, with the expectation of a renewed bullish impulse. Conclusion The AUD/USD pair is showing positive momentum following the RBA Governor's comments about potential interest rate hikes if inflation targets are not met. From a technical standpoint, the pair's behavior around the 61.8% Fibonacci retracement level and the divergence on the H4 chart support a bullish outlook. As a result, the current market environment presents an opportunity to buy on dips, positioning for another bullish move in the AUD/USD pair.Longby FOREXN1Updated 3317
AUD/USD: Implications of JOLTS Job Openings DataThe Australian Dollar experienced a marginal decline amidst concerns surrounding an unexpected current account deficit totaling A$4.9 billion in the first quarter. Concurrently, the growth forecast for Australia's Gross Domestic Product (GDP) has been revised downward to 1.2% year-over-year, a decrease from the previous rate of 1.5%. Conversely, the US Dollar maintained stability, supported by an upward correction in US Treasury yields, highlighting a contrasting trend. In terms of technical analysis, recent market movements nearly reached our predefined profit-taking level before retracing to a region of interest. We are now poised to consider long positions, particularly in light of the forthcoming release of US JOLTS Job Openings data later today, which could potentially fall short of optimistic expectations. Key market drivers include the unexpected Australian Current Account Deficit, indicative of underlying economic challenges, and the anticipated slowdown in GDP growth, both of which could exert further pressure on the Australian Dollar. Conversely, the USD remains fortified by the resilience of US Treasury Yields. The impending release of the JOLTS Job Openings Data assumes critical importance, with the potential to significantly influence the trajectory of the AUD against the USD. Should the data fail to meet optimistic forecasts, we stand prepared to capitalize on renewed AUD strength, leveraging any disparity in US economic indicators.Longby FOREXN1119
AUDUSDBecause I have a bullish opinion on the dollar, so this currency should also weakenShortby sepidehsky2
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Trade Update: AUD/USD We have some great news on our recent AUD/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 2 (TP2). This made sure that 100% of our positions have been secured and cashed out, allowing us to lock in ALL profits. Following this, we closed this trade fully with a Risk to Reward of 6! This strategy not only protects our capital but also gives us the opportunity to capture further potential gains. Stay tuned for more updates and happy trading! 🚀by TTradessss5
AUDUSD SELLSHey guy here's what i am looking at on AU, with the dollar strength i am bearish on the AU long term, with my first TP at 0.65500. if this helps kindly leave your support thank you.Shortby Ace_trades1Updated 6
AUDUSD LONGMarket Structure Bullish on HTF Entry at Daily Level Weekly Rejection at AOi Daily Rejection at AOi Daily Previous Structure Point H4 Candlestick rejection H4 Previous Structure Point Levels 4.98 Entry 90% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boostby mobbie_zwUpdated 5
AUDUSD: Bearish Continuation is Expected! Here is Why: It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDUSD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
audusd is bullishKey Points: Australian private sector PMI numbers for May drew investor interest early in the Thursday (May 23) Asian session. The Judo Bank Services PMI slipped from 53.6 to 53.1, while the Manufacturing PMI held steady at 49.6. Later in the Thursday session, US jobless claims and the Services PMI also need consideration. Near-term AUD/USD trends could hinge on the US Services PMI and Fed speakers. Hotter-than-expected US services sector activity could fuel investor bets on a September Fed rate hike and tilt monetary policy divergence toward the US dollar.Longby MtICHIUpdated 5
AUDUSD BUYS 150+++ pips setupIn this setup basically for swing trades on NFP RELEASE. expect for long conformation are : weekly liquid sweeps then a massive structure shift. we aim for buy below the weekly opening price. its like a raw turtle soup trade on higher time frame PD array (weekly f v g) Longby CLUSTERSTORMFX113
AUD/USD BUY IDEAAfter closely monitoring this market for the past two days, I've come to a conclusion. There's a discounted price observed on a price discovery array, coupled with a robust supply zone. Additionally, there's a notable imbalance preceding the onset of this upward trend. The next likely move is a shift towards internal range liquidity, followed by a transition to external range liquidity. This transition marks our optimal take-profit opportunity.Longby HVP_871
A BUY OPPORTUNITY SPOTTED IN AUSSIE $Price currently trade at 0.666 level and it’s a potential price to go long. We’re going long right from the current market price 0.666 Target is 0.675Longby Cartela111
Potential Head & Shoulders Forming! - AUHere I have AUD/USD on the 1 HR Chart! Price so far has began to form what looks to be a Strong Reversal Pattern, Head & Shoulders! You can see a clear Left Shoulder falling down to the Support Zone creating our "Neckline" @ .6633! Followed by the creation of the "Head" being a rejection off the Falling Resistance back down to the "Neckline" and NOW finally to potentially finish the Right Shoulder! Based on the first shoulder, the Resistance Zone @ ( .6671 - .6665 ) and with the 38.2% Fibonacci Retracement Level matching the height of the Left Shoulder @ .66727, I am looking for Price to hit this very spot and then show rejection pushing price back down to the Neckline for CONFIRMATION OF PATTERN!!! INVALIDATION OF PATTERN comes in if price decides to Break and Close above .66727 and is unable to move back down! Fundamentally, AUD had GDP come in at a .2% decrease and with heavier news for USD later this week, this idea could come to life so lets keep an eye out!! **On Confirmation of Pattern, I will be looking for a Target Profit down at Support @ .66000Shortby Novi_FibonacciUpdated 8
AUDUSDToday's news of the dollar caused a decline in this chart and I predict that we will have a slight rise, it is a risky transaction and if you want to take it, take it with a risk of less than 1%. Longby sepidehsky4
AUD/USD Made A Reversal Pattern ,H&S Will Change The Direction ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.Short01:24by FX_Elite_Club116
AUDUSD: slight correction from the peak areaAUDUSD: The AUD in the short term has also had a slight correction from the peak of 0.6680. It is expected that in the short term, AUDUSD will fluctuate and accumulate with the support area around the 0.6600 threshold. In today's session, it is possible that AUD will test this price range again. Ace can consider waiting to buy up AUDUSD today.Longby Chart_MasterPro111
AUDUSDThis looks interesting, I'm looking for the above BDB as a potential sell zone with sl sitting at or slightly above the high. also monitor the zone below for price action. the entire movement will complete the WXY correction for more upside by Mntungwa871114
AUDUSD AUSTRALIAN DOLLAR NEXT LONGHi 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.Longby eZ_Real2
AUDUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran90Updated 2
AUD/USD Rises Amid Positive Economic Indicators and PMI releaseThe Australian Dollar started the Monday session on a strong note, accelerating ahead of the ISM Manufacturing PMI release. During the early hours of the Asian session, the AUD received support as Australia's minimum wage increased by 3.75%, aligning with market estimates that ranged from 3.5% to 4.0%. Key Factors Driving the AUD/USD Pair Wage Increase: The significant 3.75% increase in the minimum wage in Australia provided a boost to the Australian Dollar, reflecting confidence in the domestic economy. US Inflation Data: The AUD/USD pair also strengthened following the release of the US Personal Consumption Expenditure (PCE) data. As the Federal Reserve's preferred measure of inflation, the PCE data for April indicated that price pressures were easing, which had a positive impact on the AUD. Australia's Inflation Rate: Australia's monthly inflation rate accelerated to 3.6%, increasing the likelihood that the Reserve Bank of Australia (RBA) might consider raising interest rates again. This further supported the AUD's upward momentum. Technical Analysis From a technical perspective, we can observe a divergence in the price action with the value above the 200 EMA. This suggests a potential bullish setup. Given these technical and fundamental factors, we are looking for a long position on the AUD/USD pair. Conclusion The Australian Dollar's strength is underpinned by positive domestic economic indicators and easing US inflation pressures. With the upcoming ISM Manufacturing PMI release, investors will be closely watching for further cues. Based on the current technical setup and supportive fundamentals, a long position on the AUD/USD pair appears favorable.Longby FOREXN1336