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AUDUSD

💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.7745 TP2= @ 0.7725 TP3= @ 0.7695 TP4= @ 0.7650 TP5= @ 0.7580 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
AUDUSD looks promising for 100-pip upsideDespite recently easing from the yearly high, AUDUSD stays well beyond the 50-day SMA, not to forget being inside the ascending triangle, amid the absence of overbought RSI conditions. As a result, the buyers are hopeful of crossing January’s peak near 0.7820, which in turn enables the optimists to eye 61.8% Fibonacci Expansion (FE) level around 0.7910 during the further upside. It should, however, be noted that the quote’s upside momentum past-0.7910 will not hesitate to challenge the 0.8000 threshold. On the downside, pullback moves may eye the 0.7700 round-figure but even the short-term bears may remain cautious until witnessing a clear downside break of 50-day SMA, currently around 0.7660. Also acting as the key support is a convergence of the ascending trend line from November 13, forming part of the stated triangle, as well as 23.6% Fibonacci retracement of November-January upside, around 0.7630-25. Overall, AUDUSD benefits from the market optimism backed by the vaccine optimism and hopes of US stimulus, which in turn highlights it for the bulls.
Long
by MTradingGlobal
💡Don't miss the great sell opportunity in AUDUSDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.76060). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Take Profits: TP1= @ 0.75630 TP2= @ 0.75440 TP3= @ 0.75170 TP4= @ 0.74830 TP5= @ 0.74500 TP6= @ 0.74040 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
AUDUSD stays depressed inside three-week-old falling channelDespite no change in RBA’s interest rate announcement, AUDUSD remains depressed below a short-term bearish chart formation. The reason could be traced from the RBA statement suggesting the downward pressure on the inflation target, which in turn pushed the Aussie central bank to extend the Quantitative Easing (QE) beyond the current expiry of April by the same $100 billion bundle. That said, AUDUSD bears are currently targeting the support line of the stated channel, near 0.7575. However, any further downside is less likely amid market optimism. It should, however, be noted that a sustained weakness past-0.7575 will direct the quote towards late-December bottom surrounding 0.7460. Meanwhile, a confluence of one-week-old falling resistance line and 200-SMA, around 0.7675, offers a tough nut to crack for the AUDUSD bulls. Also acting as the key upside barrier is the upper line of the aforementioned channel, at .7735 now. In a case where the market’s upbeat sentiment propels the quote beyond 0.7735, January’s multi-month top above 0.7800 will be refreshed.
Short
by MTradingGlobal
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7668). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 0.7592 TP2= @ 0.7525 TP3= @ 0.7450 TP4= @ 0.7370 TP5= @ 0.7315 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
2
💡 Don't miss the great buy opportunity in AUDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.77). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 66. Take Profits: TP1= @ 0.7780 TP2= @ 0.7820 TP3= @ 0.7850 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
AUDUSD teases weekly support inside short-term falling channelWith the virus-led risk-off weighing on the Antipodeans, not to forget the surprise drop in the Aussie retail sales, AUDUSD sellers attack an upwards sloping support line from Monday, currently around 0.7733. While expectations of the continuous cautious sentiment favor the pair’s further weakness, the 0.7700 round-figure and lower line of a descending trend channel formation established since January 06, near 0.7650, probe the AUDUSD bears. In a case where the quote remains weak past-0.7650, the 200-SMA level of 0.7630 will be the key to watch. Meanwhile, an upside clearance of the stated channel’s resistance line, at 0.7780, needs to refresh the monthly top of 0.7819 to regain the AUDUSD bulls’ confidence. Following that, AUDUSD buyers will get a green signal to challenge the March 2018 peak surrounding 0.7915. It should also be noted that the 0.8000 psychological magnet will gain the market’s attention once the pair rises beyond 0.7915.
Short
by MTradingGlobal
AUDUSD is still in the long-term uptrend channel.AUDUSD is still in the long-term uptrend channel. The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer. From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan of the new President Joe Biden, the long-term trend of the US Dollar Index is still downward, so the long-term trend of the AUDUSD is upward. By technical analysis, the AUDUSD is still in the long-term uptrend channel, so it is recommended to Buy operations. As shown in the figure: it can be buy now (entry market price around 0.7740), or price falling to above 0.7650 support. Jan.20.2021 Reliability: 3-10 Market Days.
Long
by FxIntelligenceIN
AUDUSD eases from weekly resistance inside monthly ascending chaAUDUSD fades the previous day’s upside momentum as risks turn heavy amid the coronavirus (COVID-19) fears. The quote steps back from a downward sloping trend line from last Wednesday while staying inside an ascending trend channel formation established from December 17. Also portraying the bull’s dominance is the pair’s successful trading above 200-SMA. As a result, a short-term pullback towards the channel support of 0.7700 can’t be ruled out. However, any further weakness will direct AUDUSD sellers to attack 200-bar SMA, currently near 0.7550, ahead of highlighting the late December low near 0.7460. Meanwhile, an upside clearance of the immediate resistance line, at 0.7775 now, will recall the 0.7800 threshold on the chart. Though, any further upside will have to cross the latest multi-month high of 0.7819 before challenging the stated channel’s upper line surrounding 0.7885. If at all the AUDUSD buyers defy the channel formation, by crossing the 0.7885 hurdle, the 0.7900 round-figure will add filters to the further rise. Overall, AUDUSD is well directed to the north but intermediate pullback can’t be ruled out.
Long
by MTradingGlobal
Rising wedge at multi-month top teases AUDUSD bearsAUD/USD teases a 33-month high around 0.7780 inside a bearish chart pattern as global markets await Georgia’s Senate runoff. Although Democrats are likely to snatch Republicans’ control over the upper US House, the thin majority and odds of President Trump’s likely plot to defy the results can probe the bulls. As a result, the AUDUSD is knocking the multi-month top, refreshed recently, amid US dollar weakness. However, surprises for Democrats won’t be taken lightly as Trump will use all he can to stop losing GOP control over the Senate, which in turn can trigger the US dollar’s corrective recovery from the lowest since April 2018. In that case, AUDUSD traders should watch for confirmation of the bearish chart pattern, by a sustained break below 0.7675 support, to eye the theoretical target near 0.7300. During the fall, an ascending trend line from early November, at 0.7550 now, followed by a 200-SMA level of 0.7490, will be important to watch. Meanwhile, risk-positive news from Georgia will initially eye the 0.7800 round-figures before directing the AUDUSD bulls to April 2018 top near 0.7810. Should Joe Biden and Company announces readiness to distribute $2,000 paychecks, the much-awaited stimulus, the early 2018 peaks near 0.7900 and 0.8130 may return to the chart. In doing so, the 0.8000 psychological magnet will be the key to watch. Overall, AUDUSD remains strong but the bearish chart pattern at the multi-month top can derail the bull’s confidence if confirmed.
by MTradingGlobal
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.768). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 47. Take Profits: TP1= @ 0.7635 TP2= @ 0.7556 TP3= @ 0.7483 TP4= @ 0.7405 TP5= @ 0.7270 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
5