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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUDUSD | Sell Opportunity. Get ready!If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofprofile
AUDUSD eyes further gains on upbeat sentiment, Aussie employmentAUDUSD justifies its risk-barometer status, also backed by an upbeat Aussie jobs report for January, during Thursday. The Aussie pair stays above the 50-DMA amid upbeat RSI and MACD conditions, suggesting further advances. However, the 100-DMA and a downward sloping trend line from mid-November 2021, around 0.7240-45, becomes a tough nut to crack for the pair buyers. Should the quote manage to cross the 0.7245 hurdle, January’s peak of 0.7313 will test the upside momentum before confirming the bullish trend towards the late 2021 high surrounding 0.7555. Meanwhile, the 50-DMA level of 0.7170, the 0.7100 round figure and the weekly bottom of 0.7085 restrict the short-term downside of the AUDUSD pair. Following that, 0.7050 and December 2021 low near 0.6990 will question the bears before directing them to the last month’s trough close to 0.6965. It’s worth noting that the RSI conditions may turn oversold and trigger the pair’s bounce off 0.6965, failing to do so will make the quote vulnerable to drop towards June 2020 swing low close to 0.6775.
by MTradingGlobal
AUDUSD seller’s return eyes sub-0.7000 levelsAUDUSD marked a notable U-turn from the 50-DMA by the end of the key week. As RSI and MACD conditions back the recent weakness, another south-run towards breaking the 0.7000 psychological magnet can’t be ruled out. However, a convergence of the downward sloping trend line from August and 61.8% FE level of June 2021 and January 2022 moves, near 0.6920, become strong support. If at all the bears keep reins past 0.6920, the 0.6900 threshold may test the further downside towards June 2020 swing lows surrounding 0.6780. Alternatively, 50-DMA level surrounding 0.7165 guards immediate recovery moves of the AUDUSD prices. Following that, the 0.7200 round figure and the 100-DMA level of 0.7250 will be important to watch. It’s worth noting, however, that the pair’s rebound remains elusive below the previous month’s top of 0.7315. On a fundamental side, China’s return from the Lunar New Year holidays highlight AUDUSD as a lot has happened in the last week and Beijing will need to react to the hawkish monetary policy signals by the major central bank.
by MTradingGlobal
AUD/USD - DAILY TIME FRAME - SWING TRADE - SELL SET UPPoints to consider for Sell Set up: Price has broken downwards from the DAILY BEARISH FLAG PATTERN. Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%) Price Rejection is observed on the Higher Time Frame (HTF) Inverted hammer candle/Pin bar seen on the 4Hour Time frame. BOS and retest observed on the 1H Time Frame. Note: Plan Your Trade and Trade as per Your Plan
Short
by parthpatel711
AUDUSD bulls eye short-term hurdle amid RBA playsAUDUSD bulls stay hopeful as the Reserve Bank of Australia (RBA) ends QE, despite posting initial losses due to rejection of the immediate rate hike concerns. The upside momentum ignores recently cautious RBA Governor Philip Lowe’s comments while staying above a three-week-old descending resistance line, near 0.7115. That said, the 50-DMA level around 0.7170 acts as an immediate barrier for the pair to cross before directing the bulls towards the last home of bears, namely the 100-DMA level close to 0.7260. Alternatively, pullback moves may initially aim for the 0.7000 threshold ahead of highlighting the lows marked in December 2021 and January 2022, respectively around 0.6990 and 0.6965. In a case where the AUDUSD bears keep reins past 0.6965, the 61.8% Fibonacci Expansion (FE) of mid-June 2021 to January 2022 moves, surrounding 0.6920, should gain the market’s attention. Overall, AUDUSD bulls are up for consolidating the early 2022 losses on hawkish RBA. However, the upside momentum needs caution as the US NFP is yet to play its role.
by MTradingGlobal
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