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Audusdidea

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
AUDUSDAs I said last weeks ...as I said AU is in a very strong area where it has been in range for a few weeks ... but as long as it is on the trend line , I will keep the SELL idea until the 0.74990 area and from there ... I will reanalyze! THIS WEEK...as I was saying since April 2021 ... AUDUSD went down and made the 800 pips we were talking about, reaching the 2nd target where it rejected strongly! (see red line) in the next period I expect to see a range between zone 1 and zone 2 and only a closure even for 1 day below these zones will make me rethink the whole strategy! now I will wait to touch one of these areas and then I will decide an entry with BUY or SELL NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: Our analyzes have an accuracy of over 92% in the last 5 months We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market. *This information is not a Financial Advice.
by BloomFX_SIGNALS
AUDUSD Analysis as per Wave Theory for Sorter Timeframe. We know this is the WAVE 3 forming on the Higher Degree hence we know on Lower Degree we will get a 5 Wave Impulse structure; This is the Wave 1 of the WAVE 3 of Higher Degree, we clearly see that the 5 Wave Impulse structure is complete and hence new will have Correction, whenever there is a Correction formed the Price retraces till the latest Fresh Demand area and from that area the Financial Institutions will take the Price towards our Long Term Target in the Upward direction. This is the Fresh Demand where the Financial Institutions have their unfilled orders and The Price will shoot once it reaches this Demand area, therefore we are expecting a downward move till this Demand; so for now we have a Downward Trend as per smaller timeframe. Let's see further what structure we have for the Correction. Before we proceed let's confirm that the Upward move is complete; This picture confirms that the Upward Move is complete and now we have a Correction. This is what we have after the completion of the Impulse This is the Wave A of the Correction forming Wave A complete Now we have a Impulse complete Upward so the Correction will be downward hence Wave A (5 Wave down Impulse) will be downward; Wave B will be Upward ( 3 Wave structure ) and Wave C will again be Downward (either a 5 Wave downward Impulse or a 3 Wave downward structure); So let's see Wave B (3 Wave structure) now; Move for Short Term timeframe. So we have first two Waves of the Wave B complete and now we will have an Upward Impulse as Wave C
Long
by Kruti0210
7