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U.S. DOLLAR / AUSTRALIAN DOLLAR REFERENCE RATE

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USDAUX trade ideas

AUD/USD: Bearish Drop to 0.6506? FX:AUDUSD is signaling a bearish move on the 1-hour chart , with an entry zone between 0.6546-0.6553 near a resistance level. The target at 0.6506 aligns with key support , offering a solid downside play. Set a stop loss at 0.6560 on a close above to manage risk. This trade boasts an excellent risk-to-reward ratio, making it a compelling opportunity. 🌟 A break below 0.6540 with volume could confirm this drop, driven by USD strength and AUD weakness. Watch U.S. data releases! 💡 Traders can even enter now with proper risk management—adjust position size accordingly. Ready for this move? Drop your take below! 👇 📝 Trade Plan: ✅ Entry Zone: 0.6546 – 0.6553 (resistance area) ❌ Stop Loss: Close above 0.6560 to manage risk 🎯 Target: 0.6506 (key support zone) Ready for this move? Drop your take below! 👇
Short
by Master_Hunter
AUDUSD Is Going Down! Short! Here is our detailed technical review for AUDUSD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.652. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.649 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Bearish Reversal at Pullback Resistance?The Aussie (AUD/USD) is rising towards the pivot which acts as a pullback resistance and that lines up with the 78.6% Fibonacci retracement and the 78.6% Fibonacci projection and could reverse to the pullback support. Pivot: 0.6532 1st Support: 0.6495 1st Resistance: 0.6558 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
AUDUSD Strong sell opportunity above he 1D MA50.The AUDUSD pair is rebounding after almost touching the 3-month Higher Lows trend-line and is about to break above the 0.618 Fibonacci retracement level. Any long-term upside attempt is restricted by the presence of the Lower Highs trend-line, with the last sell signal coming above the 1D MA50. As a result, we are waiting to sell this and target the Inner Lower Lows at 0.64150. Pay close attention also to the 1D RSI's top Channel for a sell. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Australian CPI expected to jump, Aussie steadyThe Australian dollar is in negative territory on Wednesday. In the European session, AUD/IUSD is trading at 0.6468, down 0.40% on the day. Australia's CPI for July surprised on the upside, jumping to 2.8% y/y. This followed a 1.9% gain in June and was above the market estimate of 2.3%. The spike in inflation, the highest level since July 2024, was driven by a sharp increase in electricity prices due to the end of government electricity rebates for many households. The trimmed mean, a key gauge of core CPI, rose to 2.7% in July from 2.1% in June. The surprise jump in inflation has dampened expectations for a September rate cut. The money markets have reduced the probability of a rate cut to 22%, down from 30% before the inflation release. Despite the hot inflation report, the Reserve Bank is expected to continue its easing cycle, with a 61% probability of a cut in November. The central bank remains very concerned about inflation but is also focused on employment, with the labor market showing signs of weakening. The minutes of the RBA's August meeting said that upcoming rate decisions would depend on the data. The RBA meets next on September 19 and there are three key releases in September prior to the meeting - inflation, GDP and employment. The RBA has surprised the markets before and if these upcoming releases show a drop in economic activity or inflation, the RBA could respond with a rate cut next month. The nasty feud between the Federal Reserve and Donald Trump has taken another twist, as the President said he had removed Fed Governor Lisa Cook due over charges that she made false statements on mortgage applications. The Fed says that Trump does not have authority to fire Cook. This latest spat further undermines the credibility of the US and could hurt the US dollar.
by OANDA
AUDUSD – Bearish Continuation Setup (4H)AUDUSD – Bearish Continuation Setup (4H) Price recently broke out of an ascending channel structure and retested the 0.6500 supply zone. Sellers stepped in strongly, rejecting this level and confirming a continuation to the downside. 📍 Entry: 0.6465 🛑 Stop Loss: 0.6515 (above supply zone) 🎯 Take Profit: 0.6350 (next demand area) Risk-to-Reward ≈ 1:2.3 ✅ Bias: Bearish 🔻 Expectation: Continuation lower toward liquidity around 0.6350. ✨ Trade Idea by PulseTrades FX 📊 Follow for more clean setups & trade breakdowns. #AUDUSD #Forex #TradingView #PulseTradesFX
Short
by PULSETRADESFX
AUD/USD: Recovery After a Sharp DeclineAUD/USD fell sharply to a two-month low around 0.6410 after the USD strengthened significantly, driven by reduced market expectations of a Fed rate cut in September, while the RBA kept interest rates unchanged, providing no additional support for the Aussie. However, following the heavy selling pressure, the pair staged a technical rebound toward 0.6490, mainly supported by USD profit-taking, though this is not yet a signal of a sustainable bullish trend. On the chart, the 0.6480 support level is still holding, and price is now moving toward the 0.6520 resistance zone. A breakout above this level could reinforce short-term bullish momentum and extend the recovery. Conversely, failure to break higher may lead to a pullback toward 0.6445, or even a retest of the 0.6414 low. In the current context, this is viewed as an important technical rebound after a steep drop, but not yet enough to confirm a long-term uptrend. Traders should carefully watch the market’s reaction around the 0.6520 resistance before deciding on their next strategy.
Short
by Rocky_trade_
3
AUD/USD Sustains Bearish Momentum on 4-Hour ChartTechnical Analysis: AUD/USD Sustains Bearish Momentum on 4-Hour Chart The AUD/USD pair continues to exhibit a firmly bearish technical structure on the 4-hour chart, with all signs pointing towards a continuation of the prevailing downtrend. The price action is currently consolidating near a recent lower high, a key characteristic of a sustained downward trajectory. This pattern of successively lower highs and lower lows confirms that sellers remain in firm control of the market momentum. A clear weakening of buyer strength is evident in the recent price movements. Attempted rallies lack conviction and volume, quickly being overwhelmed by renewed selling pressure. This indicates a market that is eager to sell into any short-term strength, a classic behavior in a defined bear trend. The inability of buyers to muster a significant recovery further solidifies the negative outlook. Consequently, the pair is expected to remain under pressure in the upcoming trading sessions. The path of least resistance is firmly to the downside, suggesting that any near-term bounces are likely to be shallow and present potential selling opportunities rather than signaling a reversal. For traders, key levels to watch are well-defined. On the downside, the immediate target for sellers is the 0.64200 level. This zone represents a significant technical support and a previous swing low. A decisive break below this floor could accelerate the decline, opening the path for a steeper fall. On the upside, any corrective bounce is likely to face a formidable barrier at the 0.65700 resistance level. This level is critical as it represents a previous support level that has now turned into resistance, and it aligns with the recent lower high. For the current bearish bias to be invalidated, buyers would need to force a sustained break above this ceiling. Until that occurs, the overall sentiment remains decisively negative.
Short
by Brillant_Capital
AUD/USD Heist: Bullish Loot Ready for the Taking?💵 AUD/USD "AUSSIE" Forex Bank Heist Plan (Swing/Day Trade) 🐨🔥 🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰💸✈️ Based on the 🔥Thief Trading style technical & fundamental analysis🔥, here is our master plan to rob the Aussie Forex vault! 🏦💣 We’re pulling off a Bullish Heist on AUD/USD, and the doors are wide open! 🚪🔓 🎯 Entry (Loot Grab Point) 📈 “Any price level is a chance to rob the vault!” Thief strategy = Layering multiple limit orders 🧩💎 Buy Limit Layers: 0.65000 / 0.65100 / 0.65200 / 0.65300 You can increase the limit layers based on your arsenal & bankroll 💼💵 🕵️ Remember, Thief OG’s never enter with one bullet – multiple shots, multiple loot bags. 🛑 Stop Loss (Police Patrol Spot) This is the Thief SL 🚨 @ 0.64600 But… dear Thief OG’s, adjust SL based on your risk appetite & lot sizing strategy. 📉💼 We don’t all escape the same way 😉 🎯 Target (Escape Point) ⚠️ Police barricade spotted @ 0.66600 🚧👮 So we take our loot escape route at 0.66400 🏃💨💰 before they catch us! 📰 Thief Fundamental Reminder 📌 AUD/USD heist depends on Fed whispers, Aussie data releases & risk sentiment. 📌 Avoid new robberies during major news drops (NFP, CPI, RBA statements). 📌 Manage positions smartly: use trailing stops to lock in stolen profits 💼🔐. 💖 Supporting our robbery plan 💥Hit the Boost Button💥 will power up the Thief Crew! 🏆💪🤝❤️🎉🚀 Every day in this market, we rob smart, escape clean, and count profits like legends. 🤑🐱‍👤 ⚠️ Disclaimer: This is a robbery plan, not financial advice. Follow at your own risk. #AUDUSD #ForexHeist #ThiefTrader #LayeringStrategy #DayTrading #SwingTrading #ForexCommunity #BankHeistPlan #ForexSignals
Long
by The-Thief
AUDUSD H4 | Bearish dropThe Aussie (AUD/USD) is reacting off the sell entry which is a pullback resistance and could drop from this level to the take profit. Sell entry is at 0.6492, which is a pullback resistance. Stop loss is at 0.6531, which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement. Take profit is at 0.6452, which is a pullback support that aligns with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
Could the price reverse from here?The Aussie (AUD/USD) is reacting off the pivot that lines up with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 0.6492 1st Support: 0.6451 1st Resistance: 0.6530 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Potential bearish drop?AUD/USD is reacting off the resistance lev which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this levle to our take profit. Entry: 0.6491 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement. Stop loss: 0.6519 Why we llike it: There is a pullback resistance level. Take profit: 0.6451 Why we like it: There is a pullback support that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AUDUSD H4 | Could the Aussie Be Setting Up for a Reversal?Based on the H4 chart analysis, we can see that the price is reacting off the sell entry, which is a pullback resistance that aligns with the 100% Fibonacci projection and could reverse from this level to the take profit. Sell entry is at 0.6550, which is a pullback resistance that aligns with the 100% Fibonacci projection. Stop loss is at 0.6590, which is a pullback resistance. Take profit is at 0.6500, which is a pullback support that aligns with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
Australian Dollar Surges SharplyAustralian Dollar Surges Sharply As illustrated by the AUD/USD chart, while the pair was trading near a two-month low at the start of Friday, today it has jumped by more than 1.1%. The primary driver behind this rally is the weakening US dollar, which reflects the market’s reaction to Jerome Powell’s comments at the Jackson Hole Symposium. He stated that the risks of declining employment are rising. And if these risks materialise, it could happen very quickly. According to Reuters, this strengthens the likelihood of a Federal Reserve rate cut at its meeting next month. At the same time, market participants are preparing for the release of Australia’s CPI data, scheduled for this Wednesday. Technical Analysis of AUD/USD On 14 August, we reviewed the dynamics of the Australian dollar and highlighted the following: → a descending channel was identified, with the AUD/USD chart signalling prevailing bearish sentiment; → the psychological level of 0.6500 was marked as critical. Since then: → the pair broke through the support line S around 0.6500; → on Friday it dropped to a two-month low; → but today it is showing signs of strength. What Could Happen Next? Bearish outlook: → the pair remains within the descending channel; → low 5 continues the sequence of lower highs and lower lows; → the sharp rally in AUD/USD might prove to be an overly emotional reaction to the Fed Chair’s remarks. Bullish outlook: → when forming low 5, the price fell only slightly below low 3. In SMC terminology, this can be interpreted as a bullish Liquidity Grab; → the black arrow indicates a long lower shadow – a sign that demand persisted over the weekend. Price action suggests an attempt to test the resistance area formed by: → the 0.6500 level, → the QH line dividing the upper half of the channel into two quarters, → the bearish candle (marked with a red arrow), where selling pressure was previously aggressive, breaking support at S – meaning supply dominance may still remain to some extent. If bulls manage to secure a foothold above 0.6500, this mght be interpreted as a significant shift in market sentiment in favour of demand. In the longer term, this could drive AUD/USD towards the upper boundary of the channel (with a possible breakout scenario). 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 Reversal Risk as Buying Power WeakensAUDUSD Reversal Risk as Buying Power Weakens In recent days, AUDUSD has shown upward momentum, but buying pressure appears to be waning. The pair has slipped from 0.6570 to 0.6480 without any clear fundamental catalyst, suggesting a potential loss of bullish steam. Currently, price action seems to be in a corrective phase, and AUDUSD has approached a minor resistance zone near 0.6523. This area may act as a ceiling, potentially driving the pair back toward the 0.6485 and 0.6455 level. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
32
AUDUSD - LONG🚀 Yo Edgeflow — Bias for today is live! 🎯 100% model-driven. No trend-line art, no gut calls. Just a repeatable institutional process delivered every day at London Open 🧠 What Chronex does (bird’s-eye view) - Scans all 28 major FX pairs every session. - Ranks each currency’s relative strength / weakness from multi-TF data. - Pairs strongest vs. weakest to create a tight outlook list. - Adds built-in risk filters → posts one clean table: *Direction · Conviction · Entry zone · SL*. 📍 Today’s Playbook: Checklist H1 Structure: Bullish H1 Orderflow: Bullish m15 Orderflow: Bullish Entry Model: Chain Risks 1. Do we have economic high impact news release? Later NY 2. Any higher-timeframe counter-trend zones? None 3. Has better zone above/below? None 💬 Drop questions, challenge the outlook, or share your own setups below!
Long
by darksheeptrades
AUDUSD – Trading the Technicals Around Inflation UpdatesFor much of last week AUDUSD was struggling for any upside momentum at all, as an initial fall from a high at 0.6524 on Monday kicked off 4 straight down days in a row, eventually hitting a low of 0.6414 on Thursday, and again on Friday, pre–Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole. Then, on Friday afternoon it all changed. Powell was more dovish than many FX traders expected which initiated a rush to resell dollars in the hope of the Fed being prepared to cut interest rates as soon as their meeting on September 17th. This led to AUDUSD rebounding strongly into the weekend, eventually closing the week right back where it started around 0.6500. Yesterday, in a quiet day’s trading AUDUSD managed to consolidate these gains, but this morning with the RBA minutes from the Australian central bank’s last meeting in early August indicating a willingness to cut interest rates again in 2025, as and when the economic data allows, prices have started to edge back to the downside again with a drop to a low of 0.6470 at the time of writing (0700 BST). Now, looking forward, traders need to consider preparing for 2 key pieces of inflation data, the first from Australia, when the monthly CPI is released at 0230 BST Wednesday (August 27th), then the second on Friday from the US, when the Fed’s preferred inflation gauge, the PCE Index is released at 1330 BST (August 29th). Both inflation updates have the potential to shift trader thinking on where AUDUSD may move next. The technical outlook could also have an important influence on trader decision making. Technical Update: Powell Confirms 0.6419 as Support Much of last week’s AUDUSD activity saw continued price weakness, although Chairman Powell’s testimony on Friday always remained the key focus for FX traders. However, with the initial decline testing the August 1st low at 0.6419, this may have been viewed by some as a support level, at least for the short term. As the chart above shows, Powell’s Jackson Hole speech did help to reinforce this support at 0.6419, triggering a price rally to end the week. This may now leave traders questioning the directional risks for AUDUSD in the week ahead. With this in mind, it may help to identify the key support and resistance levels which could influence AUDUSD next price moves. Potential Resistance Levels: Following the latest recovery in price, the August 25th session high at 0.6505 could now mark initial resistance this week. How prices behave around this level, particularly on a closing basis, may indicate whether the rally has further upside momentum. A closing break above 0.6505 may prove to be a potentially positive development. While not a guarantee of continued price strength, it could open scope for a move towards 0.6569 (August 14th high), even 0.6625 (July 24th extreme). Potential Support Levels: Initial support remains between the 0.6414/19 band (August lows) which helped fuel Friday’s rally. A closing break below this zone may lead to a further period of price weakness. If a closing break below 0.6414/19 occurs, further weakness may follow, with potential for tests of 0.6355 (38% Fibonacci retracement), even then declines towards 0.6271 (50% retracement), if this level was to break. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
AUDUSD H4 | Price Approaching Major Resistance The Aussie (AUD/USD) is rising towards the sell entry, which acts as a pullback resistance that aligns with the 199% Fibonacci projection and could reverse from this level to the downside. Sell entry is at 0.6558, which is a pullback resistance that lines up with the 100% Fibonacci projection. Stop loss is at 0.6619, which is a swing high resistance that lines up with the 127.2% Fibonacci extension. Take profit is at 0.6496, which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu