Next move for AUDUSD seems bullishThe continuation of the uptrend is what I can foresee for AUDUSD . So yes, it may be long for a looong time ;) Wishing you a happy Monday in advanceLongby Megan_forex10
AUDUSDPrice in Channel, two possibilities and will enter after trend reversal confirmation. Shortby siva_prakash_240
AUDUSD - Perfect for shortingI guess finally candles came out of the triangle and it’s again confirmed the downtrend by getting rejected at 200sma. Moreover, 20 sma is also crossing downwards 200sma. So, seems it is perfect condition for shorting. Target will be the last purple line as no obstacles are identified. It should be a free flow. Let’s see.Shortby kirankumarmc1
AUDUSD teases weekly support inside short-term falling channelWith the virus-led risk-off weighing on the Antipodeans, not to forget the surprise drop in the Aussie retail sales, AUDUSD sellers attack an upwards sloping support line from Monday, currently around 0.7733. While expectations of the continuous cautious sentiment favor the pair’s further weakness, the 0.7700 round-figure and lower line of a descending trend channel formation established since January 06, near 0.7650, probe the AUDUSD bears. In a case where the quote remains weak past-0.7650, the 200-SMA level of 0.7630 will be the key to watch. Meanwhile, an upside clearance of the stated channel’s resistance line, at 0.7780, needs to refresh the monthly top of 0.7819 to regain the AUDUSD bulls’ confidence. Following that, AUDUSD buyers will get a green signal to challenge the March 2018 peak surrounding 0.7915. It should also be noted that the 0.8000 psychological magnet will gain the market’s attention once the pair rises beyond 0.7915.Shortby MTradingGlobal0
AUDUSD is still in the long-term uptrend channel.AUDUSD is still in the long-term uptrend channel. The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer. From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan of the new President Joe Biden, the long-term trend of the US Dollar Index is still downward, so the long-term trend of the AUDUSD is upward. By technical analysis, the AUDUSD is still in the long-term uptrend channel, so it is recommended to Buy operations. As shown in the figure: it can be buy now (entry market price around 0.7740), or price falling to above 0.7650 support. Jan.20.2021 Reliability: 3-10 Market Days.Longby FxIntelligenceIN0
audusd 4h swing point pushing upiam seeing a swing point reversing for top side so i decided to get in at the market at the 15 mins so i thrown my fibonacci at 15 i got my entry my minimum r:r shiould be 2 in this case i have 2+ so i took this tradeLongby supremeincome550
AUDUSD eases from weekly resistance inside monthly ascending chaAUDUSD fades the previous day’s upside momentum as risks turn heavy amid the coronavirus (COVID-19) fears. The quote steps back from a downward sloping trend line from last Wednesday while staying inside an ascending trend channel formation established from December 17. Also portraying the bull’s dominance is the pair’s successful trading above 200-SMA. As a result, a short-term pullback towards the channel support of 0.7700 can’t be ruled out. However, any further weakness will direct AUDUSD sellers to attack 200-bar SMA, currently near 0.7550, ahead of highlighting the late December low near 0.7460. Meanwhile, an upside clearance of the immediate resistance line, at 0.7775 now, will recall the 0.7800 threshold on the chart. Though, any further upside will have to cross the latest multi-month high of 0.7819 before challenging the stated channel’s upper line surrounding 0.7885. If at all the AUDUSD buyers defy the channel formation, by crossing the 0.7885 hurdle, the 0.7900 round-figure will add filters to the further rise. Overall, AUDUSD is well directed to the north but intermediate pullback can’t be ruled out.Longby MTradingGlobal0
AUDUSD : Looking for Short!AUDUSD is looking for great short opportunity, To move to the downside. Shortby sohaibfx0
Rising wedge at multi-month top teases AUDUSD bearsAUD/USD teases a 33-month high around 0.7780 inside a bearish chart pattern as global markets await Georgia’s Senate runoff. Although Democrats are likely to snatch Republicans’ control over the upper US House, the thin majority and odds of President Trump’s likely plot to defy the results can probe the bulls. As a result, the AUDUSD is knocking the multi-month top, refreshed recently, amid US dollar weakness. However, surprises for Democrats won’t be taken lightly as Trump will use all he can to stop losing GOP control over the Senate, which in turn can trigger the US dollar’s corrective recovery from the lowest since April 2018. In that case, AUDUSD traders should watch for confirmation of the bearish chart pattern, by a sustained break below 0.7675 support, to eye the theoretical target near 0.7300. During the fall, an ascending trend line from early November, at 0.7550 now, followed by a 200-SMA level of 0.7490, will be important to watch. Meanwhile, risk-positive news from Georgia will initially eye the 0.7800 round-figures before directing the AUDUSD bulls to April 2018 top near 0.7810. Should Joe Biden and Company announces readiness to distribute $2,000 paychecks, the much-awaited stimulus, the early 2018 peaks near 0.7900 and 0.8130 may return to the chart. In doing so, the 0.8000 psychological magnet will be the key to watch. Overall, AUDUSD remains strong but the bearish chart pattern at the multi-month top can derail the bull’s confidence if confirmed.by MTradingGlobal1
💡 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 ❤️Shortby ForecastCity_ME5511
AUDUSD at its support buy at 0.76966I will go LONG on AUDUSD because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 0.76966 Target - 0.77421 Stop loss - 0.76855Longby Deepak_dc93Updated 3
AUD-USD Forex pair swing trade for 12/6/2020 Note : For learning , refer to the chart for the entry and exit Like share and subscribe , share your ideas .by N915to330Updated 0
AUDUSD buyers can ignore Monday’s bearish spinning topWith the US House backing President Donald Trump’s demand for a $2,000 paycheck, AUDUSD remains positive amid a risk-on mood. The pair failed to justify Trump's signing of the coronavirus (COVID-19) aid package the previous day amid fears that the Senate will turn down his push during the last days in the White House. While Monday’s downbeat performance printed a bearish spinning top on the daily chart, the pair’s ability to stay beyond an upward sloping trend line from November 23 and 21-day SMA confluence, around 0.7500, keeps the AUDUSD buyers hopeful. Also favoring the upside momentum could be the bullish MACD and an absence of the overbought RSI. That said, a short-term falling resistance guards immediate upside around 0.7620 while the monthly top near 0.7640 can probe the optimists afterward. On the contrary, AUDUSD weakness past-0.7500 can trigger a gradual downpour targeting the early- November top near 0.7340. Though, the December 02 high near 0.7450 and the 0.7400 round-figure can offer intermediate halts during the fall. In a case where the AUDUSD bears dominate past-0.7340, 0.7300 and 0.7220 may restrict the fall en-route November bottom close to 0.6990.Longby MTradingGlobal0