AUD/USD (Australian Dollar/US Dollar) appears to be poised for a corrective movement towards the 39.2% and potentially the 50% Fibonacci retracement levels, followed by a reversal from the resistance zone.
After experiencing a prolonged uptrend, AUD/USD is showing signs of exhaustion or overextension, suggesting a possible retracement. This correction is likely...
Market sentiment improved early Monday as China returned to trading after a week-long Lunar New Year holiday. With this, AUDUSD justifies its role as a risk barometer and cheers optimism at the biggest customer, namely China, by challenging a one-month-old bearish trend. However, the road towards the north appears long and bumpy before convincing the Aussie bulls....
Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook.
Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy.
That’s a quarter earlier than he originally predicted, Bostic...
Dear Friends See the AUDUSD Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel to get the Instant Notification of Every New Analysis.
AUDUSD prints the first daily gain in three while bouncing off the lowest level since mid-November after the Reserve Bank of Australia (RBA) kept the benchmark rates unchanged. The corrective bounce also justified the RSI (14) line’s rebound from the oversold territory. However, the bearish MACD signals and the previous week’s confirmation of the...
Trend- Down
Sentiment- Bearish
On Friday, AUD/USD experienced a sharp decline, breaching a key support level at 0.6525 and ending the week below it, resulting in a bearish technical signal for the pair. Should the downward momentum persist in upcoming trading sessions, the next support levels to watch are 0.6460 and 0.6395.
Conversely, if market sentiment...
Aussie has been in a downtrend and the dollar index has formed a bullish pattern and is trading above the key levels. We are now looking at the consolidation in the aussie and it looks like the consolidation is merely a bear flag from which a downside break is more probable.witht he dollar index forming a inverse head and shoulder pattern and the aussie forming a...
It seems like you are describing a potential trading scenario for the AUD/USD pair based on a clear downward channel breakout after some event related to the USD. You mentioned potential price targets of 0.6598, 0.6606, and 0.6624.
Price is taking support from a strong supply level (support zone) also the price retested this zone. Now waiting for the breakout of bearish treadline. A triangle chart pattern can also be seen here.
Possible AUDUSD trade idea
can look for buys from above mention level
above setup is 1:3 RR
please manage risk properly
Enter at your own risk !
Indicator based SMC approach.
follow and like for more such setups.
AUDUSD struggles to defend the bounce from a two-month-old rising support line and the 200-SMA amid softer Australia Consumer Price Index (CPI) data. Also attracting offers for the Aussie pair is the risk-off mood and an impending death cross on the four-hour chart, a bearish moving average crossover between the 50-SMA and the 100-SMA. It’s worth noting, however,...
-The price makes the higher low and lower high in HTF.
-As the structure suggested, there should be a slight bounce back for the supply area for the further downside
-The sell setup is invalid if the price breaks the near-demand zone.
-The demand and supply zone is marked on the chart
Here is my analysis for AUDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
