USDAUD trade ideas
AUDUSD Analysis on H4 Chart.Overall, AUD/USD is trending upwards.
The Australian Building Approvals m/m data (Forecast: TBA, Previous: -12.9%) will be released later at 0830 (GMT+8).
The Australian Retail Sales data (Forecast: TBA, Previous: 4.9%) will be released tomorrow at 0830 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term buying opportunities of AUD/USD.
AUDUSD look like Rising wedge!Rising wedge patter formation on AUDUSD on a 4hr timeframe ! Target should be around 0.7096- 0.6998$ !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
Good trade Whenever the price rally toward support level or resistance level it is difficult for price to break the level
Because all seller are exhausted already to rally down price quickly
We are trend friend so I never took trade against the trade
We are at very strong support level
This anylysis may go right or wrong because we all know that this is a game of probabilities
Keep learning from ur stoploss
AUDUSD WEEKLY ANALYSIS 03-01-2022#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#AUDUSD weekly bias looks bullish. The buyer’s price of interests are 0.7224, 0.7218, 0.7209
The possible targets are 0.7270, 0.7310
These analysis are based on the current market swing and we update our views based on the upcoming future swings
AUDUSD WEEKLY ANALYSIS 20-12-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#AUDUSD weekly bias looks bearish. The seller’s price of interests are 0.7151 0.7162, 0.7177, 0.7207
The possible targets are 0.7050, 0.7020
These analysis are based on the current market swing and we update our views based on the upcoming future swings
AUDUSD bulls eye 0.7370 on inverse head-and-shouldersUpbeat Aussie jobs report and hawkish moves of the Fed, as well as the BOE, pushes RBA towards a rate hike, favoring AUDUSD prices to consolidate losses posted since late October. To convince the buyers, the Aussie pair recently confirmed an inverse head-and-shoulders bullish chart pattern with a clear upside break of 0.7180. As per the theory, the breakout directs the run-up towards the mid-November peak surrounding 0.7370. However, 200-SMA and 78.6% Fibonacci retracement (Fibo.) of November-December moves, respectively near 0.7240 and 0.7290, will precede the 0.7300 threshold to offer intermediate halts during the quote’s further advances.
Alternatively, pullback moves remain elusive beyond 0.7170, a break of which will dash the bullish formation. However, AUDUSD sellers will wait for a clear downside past the shoulder 2, around 0.7100, for fresh entries. Following that, 0.7060 and the yearly low near 0.6990 may entertain the bears before highlighting the 61.8% Fibonacci Expansion (FE) level of 0.6945. Overall, AUDUSD is up for further advances during the rest of 2021, unless no surprises pop up.