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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUDUSD prepares for more downside below 0.6900AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward, a break of which could quickly drag the quote towards May’s low near 0.6830. It’s worth noting that the pair’s downside past 0.6830 could have an intermediate halt around the 0.6800 round figure before directing the bears toward the 0.6680-70 support zone comprising the lows marked during September 2019 and July 2022. Alternatively, recovery moves may initially poke the 0.7000 psychological magnet before attacking the 100-DMA resistance, around 0.7030 by the press time. Even if the quote rises past 0.7030, the 200-DMA level near 0.7130 and the monthly high of 0.7136 will be crucial for the AUDUSD bulls to tackle to retake control. Following that, an upward trajectory towards June’s peak, close to 0.7285, can’t be ruled out. Overall, AUDUSD bears are in the driver’s seat and are riding towards the yearly low.
by MTradingGlobal
AUDUSDHello 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 view with smart money 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
AUDUSD bears keep reins with eyes on 0.6800AUDUSD broke a one-month-old bullish channel after witnessing a downbeat Aussie Wage Price Index. The south-run also gained support from the softer jobs report for July. Even so, a convergence of the 200-SMA and 50% Fibonacci retracement of the July-August upside, near 0.6900, restricts the immediate downside of the pair. It’s worth noting, however, that the RSI (14) is near the oversold territory and suggests limited declines before the bounce. Should the quote breaks the 0.6900 round figure, the monthly bottom surrounding 0.6870 and the 61.8% Fibonacci retracement level near 0.6850 could entertain the bears before directing them to the mid-July swing high close to 0.6800. Meanwhile, corrective pullback needs to cross the stated channel’s support line, around 0.6970 by the press time, to convince the buyers. Following that, the weekly resistance line near the 0.7000 threshold could try stopping the upside moves. In a case where AUDUSD bulls cross the 0.7000 hurdle, the month-start peak around 0.7050 might become the last defense of bears before directing the prices towards the monthly high of 0.7136. Overall, AUDUSD has signaled a bearish trajectory after the downbeat employment numbers and is ready to reverse the bounce off the yearly low marked during July.
by MTradingGlobal
AUDUSD bulls flex muscles with eyes on RBABe it a weekly ascending trend channel of the bull cross, AUDUSD flashes upside signals ahead of the key monetary policy meeting of the Reserve Bank of Australia (RBA). That said, the bulls may retreat from the upper line of the stated channel, around 0.7040 by the press time. Even if the quote rises past 0.7040, the mid-June swing high near 0.7070 could challenge the additional run-up. It’s worth noting, however, that the pair’s run-up beyond 0.7070 enables it to challenge June’s peak of 0.7282, with the 0.7100 and the 0.7200 round figures likely to offer intermediate halts during the expected rise. Meanwhile, the 50-SMA and the channel’s support line together restrict the short-term AUDUSD downside to around 0.6930. following that, the 200-SMA, close to 0.6880, could challenge the pair bears. In a case where the prices remain weak past 0.6880, the 0.6760 and 0.6710 may act as the last defenses for the buyers, breaking which the south-run towards the yearly low of 0.6751 can’t be ruled out. Overall, AUDUSD is on the bull’s radar ahead of the key RBA. However, further upside may witness a pullback before challenging June’s peak.
by MTradingGlobal