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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUD/USD AnalysisThe AUD/USD has resumed its decline in Asia, despite surprised by the sharp rise in inflation data. “Underlying inflation accelerated to 1% quarter-on-quarter and 2.6% year-on-year in the fourth quarter. Quarterly trimmed inflation was at its highest level since the third quarter of 2008, with annual figures For the first time since mid-2014, we are above the center of the Reserve Bank of Australia's target range, ". "RBA will almost certainly need to adjust forward guidance to admit that rate hikes are possible this year. RBAs are likely to want wage growth to accelerate significantly. Therefore, it seems that the main argument is not to shift to a rate hike in 2022. However, it is possible to prove this faster than expected. " The AUD / USD has returned to the well-known conflict level around 0.7160, which has played both support and resistance roles since last September. Beyond this area, the 100-day simple moving average (SMA), which is the level at which the bulls struggled earlier this month, will be tested. Alternatively, 23.6% Fibonacci retracement seems likely to be the level of support after the daytime descent could not break Fibonacci.
by FiscalAutonomy
AUDUSD ANALYSIS ON H4 CHART.Overall, AUD/USD is ranging across. The Australian employment data released yesterday indicated a slowdown in jobs creation and unemployment rate continued to decline in December. Employment Change (Actual: 64.8K, Forecast: 60.0K, Previous: 366.1K) Unemployment Rate (Actual: 4.2%, Forecast: 4.5%, Previous: 4.6%) The Australian flash PMI data will be released next Monday at 0600 (GMT+8). Flash Manufacturing PMI (Forecast: NA, Previous: 57.7 revised from 57.4) Flash Services PMI (Forecast: NA, Previous: 55.1) Currently, AUD/USD is testing to break below the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it breaks below the key level of 0.72.
Short
by charliedavies770
AUDUSD Trading Plan - 19/Jan/2022Hello Traders, Hope you all are doing good!! I expect AU to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Long
by For3xScalper
1
AUDUSD eyes further downside, monthly support line in focusAUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day. RSI retreat adds strength to the latest declines, suggesting further weakness towards an upward sloping support line from December 20, around 0.7150. During the pair’s weakness past 0.7150, the 0.7080 level may offer an intermediate halt during the fall targeting the year 2021 bottom surrounding 0.6990. It’s worth noting that the 0.7100 and the 0.7000 round figures may act as additional halts during the fall. Meanwhile, the 100-DMA level surrounding 0.7285 restricts the pair’s short-term upside ahead of the latest swing high near 0.7315. Should AUDUSD bulls keep reins past 0.7315, the bearish candlestick formation gets rejected, which in turn will direct the pair buyers towards the mid-November swing high near 0.7370. During the pair’s sustained run-up beyond 0.7370, the 78.6% Fibonacci retracement level of October-December downside, near 0.7435 and the late October bottom around 0.7450 should entertain buyers. Overall, AUDUSD prices are likely to witness further downside towards the monthly support line but any further weakness will make it vulnerable to challenge the 2021 bottom.
Short
by MTradingGlobal
1