Get started

U.S. Dollar / Australian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDAUD trade ideas

AUDUSD: Inverse H&S with Leading diagonal with Third waveAfter falling near the level of 0.74800 AUDUSD has found its bottom near the level of 0.717000. If we observe carefully we can see an inverse Head & Shoulder pattern whose neckline has been broken decisively in today's session. From the perspective of Elliottwave analysis , we can see a Leading Diagonal & a three wave correction followed by a rally above the neckline. It clearly suggest that AUDUSD is rising in its third wave of an impulse 12345. The measured target of the Inverse H&S is coming about to be near the zone of 0.74200-0.74400 which can also be treated as a target for wave 3 . Trading strategy: As long as AUDUSD is maintaining above the level of 0.72270 , one should look for buying opportunity on any minor dip or on cmp for the target zone of 0.74100-0.74400.
Long
by TradingSutra
2
AUDUSD Trading Idea 8 Oct 2021I think the overall market is in the downtrend, one should look for the selling opportunity. In my personal opinion, Price gave a moderate rejection at the resistance starting to form a hanging man or bearish close or whatever may be the case at 4 hr time frame. If the candle closes around 0.72925 level then you can take a sell entry to put a stop loss at 0.74033. I am bearish with this trade. A possible profit target can be around 0.72310 or somewhere around.
Short
by puneetbhardwaj90
AUDUSD drops back below 20-DMA on RBA dayAlthough the Reserve Bank of Australia (RBA) matched wide forecasts of inaction on early Tuesday, the Aussie central bank’s concerns over economic growth, due to the pandemic-led local lockdowns, weigh on the AUD/USD prices. Also challenging the quote buyers are the headlines from China and concerning the US stimulus, as well as debt ceiling extension. That said, the pullback from 20-DMA offers a selling opportunity with the 0.7220 acting as an immediate target ahead of six-week-old horizontal support near 0.7165-55. However, any further downside will be challenged by RSI conditions, which if ignored could refresh the yearly bottom that currency stands near the 0.7100 mark. Meanwhile, an upside clearance of 20-DMA level of 0.7281 isn’t a green pass for the bull’s entry as a horizontal line from late July adds to the upside filters around 0.7320. It should be noted, however, that a clear run-up beyond 0.7320 enables the buyers to aim for a 61.8% Fibonacci retracement level near 0.7410 before highlighting the September month’s peak around 0.7480. Overall, AUD/USD remains in the bearish trajectory unless crossing the 0.7480 hurdle.
Short
by MTradingGlobal
AUDUSDAs I said last weeks ...as I said AU is in a very strong area where it has been in range for a few weeks ... but as long as it is on the trend line , I will keep the SELL idea until the 0.74990 area and from there ... I will reanalyze! THIS WEEK...as I was saying since April 2021 ... AUDUSD went down and made the 800 pips we were talking about, reaching the 2nd target where it rejected strongly! (see red line) in the next period I expect to see a range between zone 1 and zone 2 and only a closure even for 1 day below these zones will make me rethink the whole strategy! now I will wait to touch one of these areas and then I will decide an entry with BUY or SELL NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: Our analyzes have an accuracy of over 92% in the last 5 months We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market. *This information is not a Financial Advice.
by BloomFX_SIGNALS
AUDUSD jumps back towards 200-SMA amid firmer sentimentAUDUSD reverses Friday’s pullback from the key moving average while picking up bids to 0.7286 during early Monday. In doing so, the Aussie bulls brace for another battle with the 200-SMA level of 0.7305. However, any further upside needs to cross the previous week’s top surrounding 0.7315 to extend the run-up towards the mid-month peak surrounding 0.7345-50. In a case where market optimism helps the risk barometer pair to remain firmer past 0.7350, the 0.7410 and the monthly high close to 0.7480 will be in focus. Meanwhile, pullback moves may first retest 61.8% Fibonacci retracement (Fibo.) of the late August to early September upside, near 0.7245. Following that, the monthly horizontal support area, near 0.7220, and 78.2% Fibo. level near 0.7185 should probe AUDUSD bears ahead of directing them towards August month’s low, also the yearly bottom, close to 0.7105. Overall, AUDUSD consolidates pullback from early month highs but key supports provide intermediate bounces.
Long
by MTradingGlobal