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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

#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
AUDUSD bulls need validation from 0.6770AUDUSD confirmed a falling wedge bullish chart pattern during the early days and is keeping the breakout so far during Wednesday. The RSI (14) line’s gradual rebound from the oversold territory adds strength to the upside bias. However, a convergence of the 100 and 200 DMAs, around 0.6770 at the latest, appears a tough nut to crack for the Aussie buyers to keep the reins. Following that, tops marked during December 2022 and mid-February 2023, respectively around 0.6895 and 0.7030, could act as intermediate halts during the theoretical target of 0.7240. On the contrary, a downside break of the 0.6640 level, comprising the stated wedge’s top line, could negate the bullish bias. Even so, the latest swing low and the 61.8% Fibonacci retracement level of October 2022 to March 2023 upside, close to 0.6560 and 0.6545 in that order, could test the AUDUSD sellers before giving them control. Also acting as a downside filter is the lower line of the aforementioned bullish chart formation, near 0.6515 as we write. Overall, AUDUSD is likely to rise further toward the previous monthly peak. However, the key DMA convergence challenges the buyers as top-tier Aussie data looms, up for publishing on Thursday.
by MTradingGlobal