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AUDUSD.10.CFD trade ideas

23-week-old support line challenges AUDUSD bearsAUDUSD bears ran out of steam during the sixth week of the downtrend by positing the slimmest losses since mid-July. Even so, the Aussie pair faded bounce off a downward-sloping support line from early March, not to forget staying beneath a six-week-long descending resistance line. It’s worth noting that the nearly oversold RSI and the impending bull cross on the MACD challenge the pair sellers, suggesting another bounce off the stated multi-week-old support line, close to 0.6450 by the press time. In a case where the bears manage to conquer the 0.6450 support, last November’s bottom of around 0.6270 will be in the spotlight. Following that, the previous yearly low of near 0.6170 could lure the offers. On the flip side, a corrective bounce needs validation from the downward-sloping resistance line from mid-July, close to 0.6435 at the latest. Also acting as the short-term upside AUDUSD hurdle is the 21-DMA of around 0.6505. Should the Aussie bulls manage to keep the reins past 0.6505, the lows marked in late June and early July around 0.6600 will give the final fight to the bulls before giving them control. It should be observed that the double tops marked in June and July surrounding 0.6900 appear a tough nut to crack for the buyers afterward. Overall, AUDUSD remains bearish but the downside room appears limited, which in turn suggests a corrective bounce before the fresh leg towards the south.
by MTradingGlobal
AUDUSD forms falling wedge but bulls need more to returnAUDUSD bears take a breather after a five-week downtrend, portraying a falling wedge bullish chart pattern around the yearly low. Adding strength to the hopes of recovery is an upward-sloping RSI line, not overbought, as well as the bullish MACD signals. However, an area comprising multiple lows marked since late May, around 0.6460-70, restricts the short-term upside of the Aussie pair. Following that, a three-month-old horizontal area and the 200-SMA, respectively near 0.6580-6600 and 0.6635, will challenge the buyers before giving them control. On the contrary, a one-week-long rising support line surrounding 0.6390 limits the immediate downside of the AUDUSD pair ahead of the stated wedge’s bottom line, close to 0.6350. In a case where the Aussie pair remains bearish past 0.6350, the November 2022 low near 0.6270 and the previous yearly bottom of around 0.6170 will be in the spotlight. Overall, AUDUSD bears run out of steam and hence suggest a corrective bounce in the pair’s price. However, the downward trend established since mid-July is more likely to prevail unless witnessing strong Aussie data and/or downbeat US statistics, as well as the dovish Fed talks and the risk-on mood.
by MTradingGlobal
AUDUSD remains vulnerable to refresh yearly low past 0.6400A daily closing beneath a nine-month-old rising support line, now resistance around 0.6480, keeps the AUDUSD bears hopeful of witnessing further downside even as the oversold RSI conditions prod the immediate declines. That said, the 78.6% Fibonacci retracement of October 2022 to February 2023 upside, near 0.6380, checks the bears while the last November’s bottom of around 0.6270 can challenge the Aussie pair’s downside afterward. In a case where the quote remains weak past 0.6270, the previously yearly low marked in October around 0.6170 will be in the spotlight. On the contrary, AUDUSD recovery needs validation from the multi-day-old previous support line, close to 0.6480. Even so, the 10-DMA level surrounding 0.6515 can challenge the buyers before directing them to the lows marked in late June and early July around 0.6600. It’s worth noting that the Aussie pair’s successful trading beyond 0.6600 enables it to aim for the 50% Fibonacci retracement level of near 0.6670 ahead of targeting May’s peak of near 0.6820. Above all, AUDUSD stays on the bear’s radar unless crossing the double tops marked in July close to 0.6900. Overall, AUDUSD is less likely to return to the buyer’s radar any time soon.
by MTradingGlobal
AUDUSD LONG IDEA FROM 0.01 RISK IS 12$ , REWARD IS 56 USE PROPER RISK MANAGEMENT . .Trade Idea: BUY 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
Long
by Greenfireforex
AUDUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
2
AUDUSD ANALYSIS OVER H1 CHART.AUD/USD Price Analysis: The key barrier is seen at the 0.6600 area The AUD/USD pair remains on the defensive around 0.6555 in the Asian trading hours on Wednesday. The prevalent US Dollar buying bias is supported by the headlines surrounding the US-China relationship. That said, the US government intends to target only Chinese companies that generate more than 50% of their revenue from quantum computation and artificial intelligence (AI). However, US President Joe Biden is expected to issue an executive order this week about the restriction, according to Bloomberg. According to the four-hour chart, AUD/USD trades below the 50- and 100-hour Exponential Moving Averages (EMAs), highlighting that the path of least resistance for the pair is to the downside. The key resistance level for AUD/USD will emerge at 0.6600, indicating a confluence of the upper boundary of the Bollinger Band, a high of August 4, and a 50-hour EMA. A break above the latter will see the next upside stop at 0.6625 (low of July 28) en route to 0.6650 (100-hour EMA). The additional upside filter is located at 0.6700 (high of July 31, a round figure). It’s worth noting that the Relative Strength Index (RSI) stands below 50, challenging the pair’s immediate downside for the time being.
Long
by charliedavies770
AUDUSD downside hinges on 0.6470 breakdown and Aussie/US dataA clear downside break of the 10-month-old rising support line teases the AUDUSD bears as China releases mixed inflation data from July. Even so, an ascending trend line from early November 2022, close to 0.6470, could join the nearly oversold RSI to challenge the Aussie bears. Following that, a 78.6% Fibonacci retracement of October 2022 to February 2023 upside, near 0.6375, may act as the final defense of the bulls before the late 2022 low of 0.6170 gains attention. Meanwhile, AUDUSD needs to provide a daily closing beyond the support-turned-resistance line, near 0.6540 at the latest, to recall buyers. Following that, a three-week-old falling resistance line, around 0.6650, could check the upside momentum ahead of targeting May’s peak of around 0.6820. It’s worth noting, however, that the double tops surrounding 0.6900 become the key hurdle to the north for the pair buyers to crack for conviction. Overall, AUDUSD slips into the bear’s radar but the road towards the south is long. That said, Thursday’s Australia Consumer Inflation Expectations for August and the all-important US Consumer Price Index (CPI) will be crucial for the pair traders to watch for clear directions.
by MTradingGlobal
AUDUSD Buy IdeaHello 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 with orderflow 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
2