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Audusdforecast

32,600 Jobs Added! Aussie Dollar Skyrockets!32,600 Jobs Added! Aussie Dollar Skyrockets! The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double. This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions. The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar. Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations. The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
by BlackBull_Markets
Who's Right? Hawk Economists vs. Dove Traders - RBA meets Today Who's Right? Hawk Economists vs. Dove Traders - RBA meets Today Yesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting. Despite some analysts adopting a more hawkish stance and predicting a rate hike as the most likely outcome of today's meeting, money market traders have reduced their forecast to a one-in-three chance of an increase, down from 40 percent on Friday afternoon. Although inflation numbers in Australia have slowed down, the Consumer Price Index remains above the target range, while the key interest rate stands at 4.1 percent, below the CPI. Furthermore, recent remarks from RBA Governor Lowe have maintained a hawkish tone, leaving the possibility of further rate hikes open, even after two unexpected increases. As US markets remain closed in observance of Independence Day, the AUD/USD has been consolidating at 0.66700 prior to the RBA decision. With conflicting views from economists and traders, the meeting's outcome has the potential to inject some volatility into the pair. In terms of potential resistance levels, the initial zone to watch out for is around 0.66900, followed by 0.67200. However, it is important to note that considering the RSI's decline below the 60.00 level, the upward momentum has weakened. Nevertheless, the overall inclination remains biased towards the upside. Therefore, exploring higher levels may not be immediately feasible.
by BlackBull_Markets
#AUDUSD Uptrend MOVEMENT POTENTIAL with Risk:reward =2.3Currency pair Australian Dollar Vs US dollar , Time Frame is 4 hours. what is the analysis? Break out from the downtrend movement. what is a downtrend movement? Wave will be created in the form of upper high, upper Low, upper high, upper Low, and we can observe the breakout from the downtrend. This is the Buy call with a Risk: reward ratio of 2.4, First Target is 0.67043 second target is 0.69175. Hope our analysis is adding value to your trading journey and Happy trading #tradingstrategy, #forex trading, #AUDUSD , #currency pair, #AUDUSD forecast
Long
by TanujaK
#AUDUSD Uptrend MOVEMENT POTENTIAL with Risk:reward =2.3Currency pair Australian Dollar Vs US dollar, Time Frame is 4 hours. what is the analysis? Break out from the downtrend movement. what is a downtrend movement? Wave will be created in the form of upper high, upper Low, upper high, upper Low, and we can observe the breakout from the downtrend. This is the Buy call with a Risk: reward ratio of 2.4, First Target is 0.67043 second target is 0.69175. Hope our analysis is adding value to your trading journey and Happy trading #tradingstrategy, #forex trading, #AUDUSD , #currency pair, #AUDUSD forecast
Long
by TanujaK
2
AUDUSDHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full 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. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. AUDUSD view with smart money concept Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Long
by Bexi03