AUDUSD - RANGE BOUND Description: The counter AUDUSD is moving between the price range of 0.7691 and 0.7815 in a parallel channel. Both the flat-top resistance and the support base seem to be stronger. Therefore the counter is expected to continue in the parallel channel. Determining the trend is very difficult for this condition. Breakout of the parallel channel will specify the trend of the counter. Swing trading is more preferable for this condition. The Stop loss is mandatory for performing swing trading. Levels of the stochastic indicator will be very useful for swing trading. The major levels for this counter are R2 – 0.7805 R1 – 0.7782 PP – 0.7744 S1 – 0.7722 S2 – 0.7683 by WohlstandMarketsLimited0
Short Term "Long" Call for "AUDUSD"This is Just for Educational Purpose. Short Term Long Call for AUDUSD. Longby Sagar_Indiresh0
AUDUSD possible short sell OPPORTUNITYAUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000 Confirmation: -------------------- (i) Already in a downtrend (ii) Double/Tripple Top chat pattern formed & fall (iii) Short term uptrend line break (iv) symmetrical triangle pattern break USE ONLY 2% OF CAPITAL PER TRADE Shortby Rakesh_ThakuriaUpdated 0
USDAUD SUPPLY DEMAND AREAS FOR NEXT WEEK SEASON USDAUD trade between imporant levels of 1.3000 and 1.2780.Here I identify the supply demand areas for next week trade.we must wait for retest of the supply zone 1.3014 1.2987.after the trene line breakout then we will take the short postion for the target of 1.2800Shortby VasuVasu0
Australian dollar dips as inflation missesThe Australian dollar is down slightly in the Wednesday session. In the North American session, AUD/USD is trading at 0.7747, down 0.27% on the day. Australian CPI posted a gain of 0.6% in the first quarter of the year, down from 0.9% in Q4 of 2020. The read was certainly respectable, but underperformed, as the estimate stood at 0.9%. Trimmed CPI, which excludes the most volatile items, dropped from 0.4% to 0.3% and missed the forecast of 0.5%. The weak readings have sent the Australian dollar lower. The lower than expected inflation numbers will lessen any pressure that was on the RBA to tighten policy due to stronger economic conditions. Australia has extricated itself in admirable fashion from the downturn due to Covid, although the vaccine rollout has been sluggish. The RBA has been cautious and says that it does not expect GDP or employment to reach pre-pandemic levels until later in the year. Once the economy reaches that level, there is a good chance that the RBA could tighten policy, such as easing QE, as we saw with the Bank of Canada earlier this month. What can we expect from the FOMC meeting later today (18:00 GMT)? Expectations for a dramatic announcement are low, as the Fed does not appear in any hurry to tighten policy, even with a rapidly improving US economy. The market seems to have bought into the Fed's message that even though inflationary pressures are growing, QE will not be reduced for a while yet. In follow-up comments to today's meeting, Fed Chair Powell is likely to wax positive about the economy but simultaneously state that the economy is still in recovery mood and needs the Fed to keep its foot on the pedal. Unless the Fed surprises with a more hawkish rate statement than expected, it should be "business as usual" after the meeting, which means that the US dollar could find itself under pressure from the major currencies. On the upside, 0.7813 has some breathing room in resistance as AUD has lost ground. Above, there is resistance at 0.7887. On the downside, there are support levels at 0.7688 and 0.7627 by OANDA0
AUD/USD analysisAccording to my analysis AUD USD going to be bullish Soon. Possible, 1st resistance near: 0.7807 2nd resistance and Supply :- 0.7970 There is a trendline from Higher timeframe Demand near:- 1nd;- 0.7694 2nd;- 0.7648 And AUD/USD net short retail sentiment is high. So smart money may take long side. Hey what's your thoughts comment below?Longby HelloSujoyGain0
Australian dollar dips, CPI nextThe Australian dollar has reversed directions on Tuesday and recorded slight gains. In the European session, AUD/USD is trading at 0.7781, down 0.22% on the day. Australian CPI showed a strong gain of 0.9% in the fourth quarter, and an identical gain is projected for the first quarter of the year. The economy is performing well, boosted by stronger demand for Australian commodities and ultra-low interest rates. Unemployment has been falling, undeterred by the end of the JobKeeper employment programme at the end of March. Not surprisingly, inflation is also showing strength, reflective of the positive economic conditions. Consumers are again spending, as Retail Sales rebounded in March with a gain of 1.4%, after a decline of 0.8% beforehand. This beat the forecast of 1.0%. The economy continues to grow after being reopened, and consumer spending is expected to be a key driver in the economic recovery. The RBA is projecting that GDP and employment will reach pre-pandemic levels later in 2021, which is 6-12 months faster than the central bank had expected. In addition to stronger domestic demand, Australia stands to benefit from a more robust global economy, which will translate into stronger demand for Australian exports. This bodes well for the Australian dollar, which has a tight correlation with commodity prices. Despite the rosy economic picture, the RBA remains cautious and has not given any indication that it plans to raise interest rates or even taper its QE programme. At its last meeting, the bank noted that inflation remains low and below the central bank's target, which is between 2-3 per cent. The bank added that although the employment picture has improved, unemployment still remains too high for its liking. AUD/USD is putting strong resistance at 0.7813. Above, there is resistance at 0.7887. On the downside, there is support at 0.7688, followed by support at 0.7627by OANDA1
AUDUSD BULL RALLY MAY END !!!!Head and shoulder pattern found and trailing SL is key in this trade COT reports are also giving a short side viewShortby prabhatsinghparihar3110
AUD/USDAUDUSD Short-term Possible Next Resistance and Supply zone near :- 0.7805 Hey Share your opinion?Longby HelloSujoyGain0
AUDUSD: LONG: 30 Mins AnalysisWait to Retest 0.7700, and if the Triangle Structure breaks, let's look for BUY ( LONG) entries, but just after retesting the hypotenuse support that it broke (or) 0.7700 region. Look for some confirmation/confluences in candle stick pattern. Longby Tradillion0
AUDUSD IdeasHalleluYah Guys ..!!! AUDUSD Buy after the retest on trend line . Its my first Publish public chart, hope it will go as i expect. Disclaimer: This is my point of view, You must confirm before taking the trade in AUDUSD, Otherwise don't take this trade by Sampaul_Fx0
AUDUSD create Head and Shoulder Patternit's clearly Head and Shoulder Pattern created by AUDUSD Daily Chart. We find a Very Good Trade For Sell.... Longby YazhiMarket-Official2
AUDUSD OUTLOOKThis is not a financial advice, only meant for educational purposes. This the tecnhnical outlook of AUDUSD for the week, IF the set-up realises we will be looking to make a short entry at the order block level. Make confirmation before entry either with indicator or candle stick patterns. Also correlation with other USD pairs.Shortby Lanx1