AUDUSD - SWING TRADE IDEA ON LONG SIDESymbol - AUDUSD
AUDUSD is currently trading at 0.6305
I'm seeing a trading opportunity on buy side.
Buying AUDUSD pair at CMP 0.6305
I will be adding more if 0.6270 - 0.6240 comes & will hold with SL 0.6215
Targets I'm expecting are 0.6360 - 0.6410 & 0.6450
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
AUDUSD
AUDUSD_1HAUDUSD_1H BEARISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
AUDUSD stays on the way to 0.6850 hurdle despite downbeat ChinaAUDUSD prints mild losses while snapping a four-day winning streak and paring the previous gains from a five-week uptrend after China reported downbeat Gross Domestic Product (GDP), Industrial Production, and Retail Sales early Monday. Even so, the Aussie pair defends last week’s upside break of a four-month-old ascending resistance line, now immediate support at 0.6750. The RSI (14) line’s retreat from overbought territory suggests the quote’s additional weakness, but the bullish MACD signals can join the trend line breakout to keep buyers hopeful past 0.6750. It’s worth noting, however, that the pair’s daily closing beneath 0.6750 will direct bears toward May’s peak of 0.6714. Following that, a 61.8% Fibonacci retracement of the June-October downside, near 0.6660, will precede the 200-day Exponential Moving Average (EMA) level of 0.6605 to act as the final defense of the buyers.
On the contrary, the AUDUSD buyers keep the reins beyond 0.6750 and can aim for the 0.6800 threshold for the short term. However, a downward-sloping resistance line from June 2023, close to 0.6850, quickly followed by the late 2023 high of 0.6870, appears tough nuts to crack for the bulls. In a case where the Aussie pair remains firmer past 0.6870, the odds of witnessing a run-up beyond the mid-2023 peak of 0.6900 will be certain, which in turn highlights the 0.7000 psychological magnet for the bulls.
Overall, AUDUSD buyers can ignore the latest retreat unless the quote stays beyond 0.6750.
AUDUSD_1HAUDUSD_1H BEARISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
AUD/USD TRADE SETUP Yesterday AUD made it 3months low $0.64404 and today little bit positive but still making on daily time frame lower low . Aud will continue it’s downside move to $0.63000 .
Better stay away from aud trade or made short side positions till do not made higher high formation formations / closed above daily based higher to previous high .
Stay tuned with me for more updates:-
AUD/USD support and buying level:- AUD made consolidation area @0.65000 and previous days gained 1100 pips. As per super trend on day basis its downtrend to comes uptrend now again AUD retesting the consolidation area uppar zone and support levels @0.65850 for buying area there can make entry for long side for 1st target 🎯 0.66500 and 2nd target 🎯 0.67100 . please follow for updates:-✌️✌️✌️✌️✌️
AUD/USD support and buying level:- AUD made consolidation area @0.65000 and previous days gained 1100 pips. As per super trend on day basis its downtrend to comes uptrend now again AUD retesting the consolidation area uppar zone and support levels @0.65850 for buying area there can make entry for long side for 1st target 🎯 0.66500 and 2nd target 🎯 0.67100 . please follow for updates:-✌️✌️✌️✌️✌️
AUD/USD: Resistance Barrier and Breakout OpportunityAUD/USD is steadily climbing on its upward path, with a solid "wall" of support at 0.67365, well "guarded" by the EMA 89 and EMA 34.
However, the biggest "obstacle" lies at the 0.68310 level – if it can't break through, the market might see a strong correction back to support.
But if this level is breached with sufficient momentum, the sky could open up for further gains.
Key factors like interest rates and inflation from the US and Australia will be the "big waves" impacting this trend. This is the time for traders to watch for clear market signals: sell if resistance holds or buy during a strong pullback to support!
AUDUSD ANALYSIS 15M TIMEFRAMEFOREXCOM:AUDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
AUDUSD Declines, Watch 0.6640 and 0.6690The current AUDUSD chart shows a short-term downtrend as the price trades below the EMA 34 and EMA 89, indicating that selling pressure remains dominant.
The key support level is at 0.6640 USDT, while the nearest resistance is at 0.6690 USDT.
The price is expected to correct towards the support before potentially rebounding, but failure to break resistance may result in a retest of the support level.
The market is also heavily influenced by factors such as the Fed's interest rate decisions and economic data from Australia, which could cause significant short-term volatility.
Resistance at 0.67415: AUDUSD at Risk of a Deep DeclineThe 4H chart of AUDUSD shows the price facing a significant resistance zone around 0.67415, where the EMA 34 acts as a dynamic resistance.
EMA 34 and EMA 89 play crucial roles in the short-term trend, with the price fluctuating between these levels and possibly facing downward pressure if it fails to break through the resistance.
A key support zone is clearly marked at 0.66800, and if the price breaks this level, it is likely to continue its deeper decline.
In terms of news: The Australian Dollar is often affected by economic indicators from China, especially production and export data. Any negative factors from China's economy may further weaken the AUD.
AUDUSD Testing Support: Resistance at 0.6750AUDUSD is testing the support level around 0.6680, an important level previously validated.
If the price holds above this support, it may rise towards the 0.6750 resistance, though the EMA 34 and EMA 89 could limit the upward move.
If the price holds above 0.6680 and rebounds, traders may consider opening buy positions with a target of 0.67097.
Regarding news: PMI reports, unemployment data, or interest rate decisions from the RBA and FED could impact AUDUSD. If the U.S. economy shows positive signs, the USD could strengthen, putting pressure on the AUD.
Rising wedge confirmation, PBOC rate cut lure AUDUSD bearsAUDUSD drops to a three-week low early Monday while printing a six-day losing streak as the People’s Bank of China (PBoC) announced a surprise rate cut. The Chinese central bank’s action pushed the Aussie pair to confirm a 3.5-month-old rising wedge bearish chart formation. However, the 50-SMA support of 0.6670 challenges the sellers of late. That said, the bearish MACD signals and the rising wedge confirmation tease bears ahead of the US/Australia PMIs for July and the US Q2 GDP, not to forget the US Core PCE Price Index that is also known as the Fed’s favorite inflation gauge. Hence, a daily closing beneath 0.6670 appears necessary to convince the bears to target the 0.6600 threshold. Following that, the 200-SMA support of 0.6581 can test the downside momentum, along with downbeat RSI conditions, before allowing the sellers to aim for 0.6500 and 0.6400, as well as challenge the yearly peak surrounding 0.6360.
On the flip side, the AUDUSD pair’s recovery remains elusive unless it stays beneath the aforementioned rising wedge’s lower line, now immediate resistance around the 0.6700 round figure. Following that, the 78.6% Fibonacci retracement of December 2023 to March 2024 upside, near 0.6765, and the monthly high of 0.6798 could test the buyers. It’s worth observing that the rejection of the bearish chart formation, by a daily closing beyond 0.6815, appears a strong signal for the Aussie bulls to challenge the yearly peak of 0.6839.
Overall, AUDUSD appears ready to welcome the bears but a slew of top-tier data/events will be decisive to watch.