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Australiandollar

AUDUSD braces for further upside inside 3.5-month-old bullish chDespite the AUDUSD pair’s south-run on the downbeat Aussie jobs report, the pair trades successfully inside a 3.5-month-long upward-sloping trend channel. That said, the overbought RSI highlights beyond an ascending trend line hurdle stretched from mid-November and the 61.8% Fibonacci retracement level, respectively near 0.7015 and 0.7090 as near-term key hurdles. Following that, the August 2022 peak surrounding 0.7140 could act as the last defense of the Aussie pair sellers, a break of which could propel prices towards June’s top of 0.7282 before eyeing further advances. Alternatively, pullback moves could aim for the aforementioned channel’s lower line, near 0.6800, as well as the 50-DMA level surrounding 0.6770. In a case where the AUDUSD price drops below 0.6770, the bearish trend could be respected, which in turn highlights the 23.6% Fibonacci retracement level near 0.6500 as the attraction for bears. Overall, AUDUSD holds onto further upside even as the overbought RSI line hints at a pullback.
by MTradingGlobal
AUD/USD AnalysisThe AUD/USD has resumed its decline in Asia, despite surprised by the sharp rise in inflation data. “Underlying inflation accelerated to 1% quarter-on-quarter and 2.6% year-on-year in the fourth quarter. Quarterly trimmed inflation was at its highest level since the third quarter of 2008, with annual figures For the first time since mid-2014, we are above the center of the Reserve Bank of Australia's target range, ". "RBA will almost certainly need to adjust forward guidance to admit that rate hikes are possible this year. RBAs are likely to want wage growth to accelerate significantly. Therefore, it seems that the main argument is not to shift to a rate hike in 2022. However, it is possible to prove this faster than expected. " The AUD / USD has returned to the well-known conflict level around 0.7160, which has played both support and resistance roles since last September. Beyond this area, the 100-day simple moving average (SMA), which is the level at which the bulls struggled earlier this month, will be tested. Alternatively, 23.6% Fibonacci retracement seems likely to be the level of support after the daytime descent could not break Fibonacci.
by FiscalAutonomy
AUDUSD bulls need to tackle 0.7320-25 hurdle to keep the reinsAUDUSD bulls battle the key resistance, namely 200-SMA, during early Wednesday. Given the Aussie pair’s sustained rebound from the previous resistance line, not to forget successful trading above an eight-day-long rising support line, the buyers remain hopeful by the press time. However, overbought RSI conditions challenge the buyers, requiring a clear break of 0.7325 to keep the reins. Following that, 61.8% Fibonacci retracement of July–August downside near 0.7410 and the previous monthly top near 0.7425 should return to the charts. Meanwhile, the aforementioned short-term support line near 0.7295 restricts the quote’s immediate pullback, if any, ahead of the resistance-turned-support of 0.7270. If at all, AUDUSD drops below 0.7270, the 0.7230 level may offer an intermediate halt during the likely fall towards the last month’s low surrounding 0.7125. Overall, AUDUSD is in the recovery mode after a two-month bearish performance.
Long
by MTradingGlobal
💡Don't miss the great sell opportunity in AUDJPY Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (84.480). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 48 Take Profits: TP1= @ 84.230 TP2= @ 83.970 TP3= @ 83.740 TP4= @ 83.440 TP5= @ 83.020 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 / Crypto 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
2
💡Don't miss the great sell opportunity in GBPAUD Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.9672). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD 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 41. Take Profits: TP1= @ 1.7924 TP2= @ 0.9525 TP3= @ 1.7684 TP4= @ 1.7587 TP5= @ 1.7408 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
8
💡 Don't miss the great sell opportunity in AUDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (84.47). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY 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 55. Take Profits: TP1= @ 83.41 TP2= @ 82.40 TP3= @ 81.35 TP4= @ 80.45 TP5= @ 79.05 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
💡 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
💡 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
💡 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
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.755). 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 40. Take Profits: TP1= @ 0.7460 TP2= @ 0.7420 TP3= @ 0.7370 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
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.756). 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 40. Take Profits: TP1= @ 0.7500 TP2= @ 0.7485 TP3= @ 0.7450 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
💡 Don't miss the great buy opportunity in AUDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.75). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 0.7560 TP2= @ 0.7600 TP3= @ 0.7640 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
5
💡 Don't miss the great buy opportunity in AUDNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0515). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 1.0660 TP2= @ 1.0760 TP3= @ 1.0815 TP4= @ 1.0890 TP5= @ 1.1045 TP6= @ 1.1455 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
6
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7375). 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 35. Take Profits: TP1= @ 0.7330 TP2= @ 0.7265 TP3= @ 0.7220 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
6
💡 Don't miss the great sell opportunity in AUDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 41. Take Profits: TP1= @ 0.9515 TP2= @ 0.9480 TP3= @ 0.9434 TP4= @ 0.9372 TP5= @ 0.9300 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
6
💡Don't miss the great sell opportunity in AUDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD 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 48. Take Profits: TP1= @ 0.9545 TP2= @ 0.9522 TP3= @ 0.9480 TP4= @ 0.9445 TP5= @ 0.9410 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
💡Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7155). 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= @ 0.7100 TP2= @ 0.7070 TP3= @ 0.7020 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