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AUDUSD_ZERO trade ideas

AUD/USD Possible ScenariosAs said, a 25 bps hike has been already priced in. If somehow the RBA decided to slow down and go for 0.10% or 0.15%, AUD/USD could come under selling pressure, although if the current market’s optimism persists, the slide should be limited. On the other hand, a 40 bps hike plus hints on more interest rate raises coming would result in the AUD/USD pair surging to fresh monthly highs. From a technical point of view, AUD/USD is battling to overcome the 50% retracement of its latest daily slide at 0.7245, measured between 0.7660 and 0.6828. The daily chart shows that technical indicators are correcting overbought conditions, although the RSI has stabilized well above its midlines. At the same time, the pair is hovering around a flat 100 SMA, while a bullish 20 SMA heads firmly north far below the current level. Overall, the downside seems limited. An immediate support level is 0.7140, the 38.2% retracement of the aforementioned decline. A break below the latter could be the beginning of a bearish movement that could extend towards the 0.7000/20 region. On the other hand, and beyond 0.7245, the pair will likely meet resistance in the 0.7260 price zone, where it topped last week. Gains beyond the area will anticipate another leg north for the upcoming sessions.
by rakesh-ror-m30signal
AUDUSD bulls run out of steam after Aussie GDPAUDUSD struggles to remain beyond a three-week-old support line, having reversed from a multi-day high the previous day, even as Australia’s Q1 2022 GDP rises past the market’s downbeat forecasts with 0.8% QoQ figures. That said, the Aussie pair bears need validation from the immediate support line, near 0.7145, to challenge the 23.6% Fibonacci retracement (Fibo.) of April-May fall, around 0.7025. The quote’s downside past 0.7025, however, could struggle as the broad 0.6965-50 support area appears a tough nut to crack for the pair sellers, a break of which won’t hesitate to refresh the yearly low, marked in May around 0.6830. Meanwhile, recovery moves need validation from the 100-DMA level surrounding 0.7230, as well as May’s peak near 0.7265. Following that, a run-up towards 61.8% Fibo level close to 0.7345 becomes imminent. However, tops marked in March and late April, respectively around 0.7440 and 0.7455, will challenge the AUDUSD bulls before directing them to April’s high, also the yearly peak, near 0.7660. Overall, AUDUSD recently flashed the much-awaited pullback signals and hence further downside is brewing. However, the US NFP is left to propel prices, which in turn requires the trader’s discretion.
Short
by MTradingGlobal
AUDUSD UPTREND BUY WITH PROPER SLAU is creating HH formation so next key area is around 0.72500. if we break the previous high there is probability that we gonna test 0.72500 as its clear uptrend.i habe also mentioned the stop loss which is below 2 nd HL which is safe and its not gonna hit if we continues the uptrend once if in 30-40 pips profit trail sl to hl accordingly. Make sure you do your own analysis before taking trade. Happy weekend guys...be safe..🙋🏻‍♂️
Long
by yatinp32
AUDUSD rebound appears interesting if it stays beyond 0.6960AUDUSD managed to rebound from a two-year low on Friday, snapping a six-day downtrend and portraying a falling wedge bullish chart pattern. However, downbeat data from China and fresh fears of covid resurgence push the risk-barometer pair to reverse the previous day’s recovery moves during early Monday. Even so, the RSI’s bullish divergence, confirmation of the falling wedge seems more likely, which in turn could gain recovery strength on staying beyond the 0.6960 hurdle. Following that, a run-up towards the downward sloping trend line from early April, surrounding 0.7150 can’t be ruled out. However, the 0.7000 and the 0.7100 thresholds may offer intermediate halts during the anticipated rally. If at all the pair buyers keep reins past 0.7150, the 200-SMA level near 0.7280 will act as the last defense for the bears. Meanwhile, fresh declines can initially target the latest multi-month low around 0.6830 ahead of challenging the 0.6800 round figure, also comprising the lower line of the aforementioned wedge. It’s worth noting that the AUDUSD pair’s sustained downtrend past 0.6800 will aim for an early 2020 peak close to 0.6685 before targeting the sub-0.6600 area. Overall, AUDUSD bears are running out of steam and a corrective pullback is more likely.
by MTradingGlobal