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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

💡Don't miss the great buy opportunity in AUDUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.7175). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 70 Take Profits: TP1= @ 0.7265 TP2= @ 0.7295 TP3= @ 0.7340 TP4= @ 0.7400 TP5= @ 0.7456 SL= Break below S2 ❤️ 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 / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
AUDUSD pierces 0.7100 on RBA’s rate hikeAUDUSD bulls cheer the Reserve Bank of Australia’s (RBA) 25 basis points (bps) rate hike in early Tuesday. The recovery moves also justify the RSI rebound from oversold territory, as well as pierce a downward sloping resistance line from April 21, near 0.7100 by the press time. Considering the RBA’s hawkish moves, backed by firmer technicals, the Aussie pair is likely rising towards the mid-March swing low surrounding 0.7165. However, the 200-SMA and previous support line from March, around 0.7285 and 0.7410 in that order, will challenge the bulls afterward. Meanwhile, the pair’s fresh downside may aim for the 0.7040 level before directing the bears towards the 0.7000 psychological magnet. Following that, the yearly bottom surrounding 0.6965 will be in focus as a break of which will direct the AUDUSD bears toward the mid-2020 lows near 0.6775. Overall, AUDUSD is cheering the well-due recovery as the RBA announced rate-hike. However, the upside momentum needs validation from the Fed before reversing the broadly bearish trend.
by MTradingGlobal
AUDUSD stays on the way to sub-0.7000 region despite recent bounAUDUSD rebounds from a two-month low, also snapping a four-day downtrend, by cheering a strong quarterly inflation data at home. The recovery moves could also be linked to the oversold RSI and a U-turn from 78.6% Fibonacci retracement of the January-April upside. However, the Aussie remains below the key moving averages and the Fibo levels and the MACD signals are firmly bearish, which in turn suggests that the bears aren’t out of the woods. Hence, fresh selling pressure can’t be ruled out with the first support around 0.7110, comprising 78.6% Fibo. Following that, 0.7050 and the 0.7000 psychological magnet can lure the sellers ahead of directing them to the yearly low surrounding 0.6965. Meanwhile, further recovery hinges on the pair’s ability to close beyond the previous month’s low surrounding 0.7165. Should the AUDUSD bulls manage to cross the 0.7165 hurdle, the 61.8% Fibonacci retracement level and the 200-DMA, respectively around 0.7230 and 0.7290, will be on their radar. Even so, the 50-DMA and the support-turned-resistance line from January, close to 0.7355 and 0.7385 in that order, will test the pair buyers before giving them control. Other than the technicals, the market’s risk-off mood and firmer USD also challenge the AUDUSD buyers.
Short
by MTradingGlobal
💡Don't miss the great buy opportunity in AUDUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.7498). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62 Take Profits: TP1= @ 0.7529 TP2= @ 0.7570 TP3= @ 0.7600 TP4= @ 0.7629 TP5= @ 0.7671 SL= Break below S2 ❤️ 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 / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
1
about AUDUSD AUDUSD Prediction of possible situations. In terms of technical structure, the daily trend of the Australian dollar is currently in a state of structural breakdown. In the process of backtesting, the price actually formed a long trading opportunity. However, from the point of view of the interest rate difference, the future state of the Fed is in the interest rate hike cycle. At this stage, the short-term nominal interest rate will rise sharply. If this is the case, the interest rate difference between Australia and the United States may not expand. There will be a state of obvious contraction, which is contrary to the current technical graphics. (Judging from the expression of the Reserve Bank of Australia, the possibility of raising interest rates in the future still exists) Very contradictory, observe and see
by SLZB_Trader
AUDUSD sellers attack 0.7365-60 support zone on China dataAUDUSD renews its monthly low during early Monday as mixed data from the biggest customer China joins the risk-off mood. However, a five-week-old horizontal support area surrounding 0.7365-60 tests the pair sellers. Adding to the downside filters is an upward sloping trend line from late February, around 0.7310 by the press time. It should be noted, however, that a clear downside break of the 0.7310 will need validation from the 0.7300 threshold before directing bears toward the early March swing low. On the contrary, the 200-SMA level of 0.7410 guards the quote’s recovery moves ahead of the 100-SMA, at 0.7485 at the latest. During the quote’s successful break of 0.7485, AUDUSD could aim for 0.7540 and the 0.7600 resistance level. Moving on, successful trading past-0.7600 enables the Aussie pair to renew the yearly top close to 0.7665 by approaching the 0.7700 round figure. It should be noted that oversold RSI and multiple key supports to the south can challenge the bears going forward. However, sour sentiment and a clear break below the key SMAs keep sellers hopeful.
by MTradingGlobal
AUDUSD rebound remains elusive below 0.7500AUDUSD keeps the bounce off 200-SMA despite mixed jobs report as market sentiment improves during early Thursday in Asia. However, a convergence of the 100-SMA and one-week-old horizontal resistance, around 0.7500, appears a tough nut to crack for the pair buyers. In a case where the pair rises past the 0.7500 hurdle, 0.7540 and 0.7580 may act as intermediate challenges for the buyers before fueling the quote towards the monthly high of 0.7660. On the contrary, a clear downside break of the 200-SMA, near 0.7400 by the press time, will allow AUDUSD sellers to aim for an upward sloping support line from February, near the 0.7300 round figure. During the fall, the early March swing high near 0.7365 may act as a buffer. That said, the pair’s sustained declines past 0.7300 won’t hesitate to challenge the previous monthly low near 0.7165. It’s worth noting that a clear bounce off the key moving average joins firmer RSI and bullish MACD signals to keep short-term buyers hopeful.
by MTradingGlobal
1
AUDUSD is ready to bounce off short-term key supportBe it double tops marked in March or the oversold RSI conditions, AUDUSD bears have a tough time keeping the reins. That said, the 0.7425-20 horizontal area puts a floor under the pair’s immediate downside, a break of which will direct bears toward the 0.7380-85 support confluence including the 200-SMA and 50% Fibonacci retracement level of the February-April upside. In a case where the pair sellers refrain from stepping back from 0.7380 support, a six-week-old upward sloping trend line near 0.7275 will be on their radars. Meanwhile, the AUDUSD pair’s rebound remains elusive until crossing multiple hurdles around the 0.7535-40 area. Following that, the 0.7600 threshold and 0.7640 level may entertain buyers. It should, however, be noted that the pair’s run-up beyond the 0.7640 level will enable it to aim for the 0.7700 round-figure while easing crossing the recent high surrounding 0.7660. Overall, AUDUSD prices are likely to recover but the bulls need validation and hence this week’s data/events will be the key.
by MTradingGlobal