Get started

U.S. DOLLAR / AUSTRALIAN DOLLAR REFERENCE RATE

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

USDAUX trade ideas

AUD/USD Sell Trade Based on Technical Analysis-Forex Pip TargetsDescription: Embark on a lucrative trading journey with a compelling Forex opportunity that revolves around an AUD/USD sell trade, meticulously analyzed through advanced technical indicators. As the global financial markets continue to evolve, strategic traders are eyeing this potential profit-making scenario with great anticipation. Technical Analysis Highlights: Bearish Trend Confirmation: Comprehensive technical analysis reveals a clear bearish trend in the AUD/USD currency pair. Multiple indicators, including moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence), align to signal a downward trajectory, providing a solid foundation for a sell trade. Key Resistance Levels: Critical resistance levels have been identified through careful analysis of historical price action. These levels act as formidable barriers, further validating the potential for a downward movement in the AUD/USD pair. Chart Patterns: Recognizing chart patterns is crucial in predicting market movements. The presence of bearish chart patterns, such as descending triangles or head and shoulders formations, adds weight to the sell proposition, enhancing the probability of a successful trade. Forex Pip Target Projection: In this sell trade opportunity, traders are encouraged to set a realistic pip target to maximize profits while managing risk effectively. The Forex Pip Target for this AUD/USD sell trade is conservatively projected at pips, offering a balanced risk-reward ratio. Risk Management Strategy: Implementing a robust risk management strategy is paramount in navigating the uncertainties of the forex market. Traders are advised to set stop-loss orders strategically, protecting their capital from unexpected market fluctuations. Additionally, monitoring the trade closely and adjusting stop-loss levels as the market progresses is essential for optimal risk management. Conclusion: Seize the moment and capitalize on this carefully analyzed Forex trade opportunity in the AUD/USD pair. The sell trade, backed by comprehensive technical analysis, presents a favorable risk-reward profile, making it an attractive prospect for traders seeking potential profits. Stay informed, stay strategic, and embark on this trading endeavor with confidence. (Note: This description is a generic example and should not be considered as financial advice. Always conduct thorough research and consider consulting with a financial professional before making trading decisions.)
Short
by forexpiptarget
AUDUSD extends pullback from 100-SMA despite RBA rate hikeAUDUSD drops nearly 50 pips even after the Reserve Bank of Australia (RBA) matches expectations of announcing a 0.25% rate hike. In doing so, the Aussie pair extends the previous day’s pullback from the 100-day SMA while poking a five-month-old horizontal support. It’s worth noting that the RSI (14) line’s retreat from the nearly overbought territory also suggests the quote’s further declines past the multi-month-old horizontal support surrounding 0.6460. In that case, the 50-SMA support of 0.6390 will act as the final defense of the buyers before dragging the pair toward a one-month-old horizontal support zone nearing 0.6290 and then to the yearly bottom of 0.6270. On the contrary, the AUDUSD’s corrective bounce off the immediate horizontal support of near 0.6460 will need validation from the 100-SMA level of 0.6500 to convince the bulls. Even so, the monthly high of around 0.6525 and June’s low close to 0.6600 will challenge the Aussie pair’s upside. In a case where the quote remains firmer past 0.6600, a nine-month-old falling resistance line near the 0.6700 round figure and the late July swing high of around 0.6740 will be on the buyer’s radar. Overall, the AUDUSD pair’s latest decline shows the market’s lack of belief in the RBA’s hawkish move, which in turn joins the bearish signals to keep the sellers hopeful.
by MTradingGlobal
Audusd boosts the trend of increasingGreetings, beloved companions! Following a prolonged period of lateral movement, AUDUSD has at last regained its upward momentum. This resurgence is attributed to the weakening of the USD, which in turn provides substantial support for this particular currency pair. Having effortlessly surpassed the 0.644 peak, there is potential for it to establish itself as a robust support level. Should there be a retest of the breakout area, it would further reinforce the significant progress made by this currency pair.
Long
by Samson-FX
AUDUSD begins eventful week on a front foot, 0.6380 eyedAUDUSD prints a three-day winning streak on upbeat Australia Retail Sales for September during the initial trading hours of an eventful week comprising the FOMC and US NFP. In doing so, the Aussie pair extends the previous week’s rebound from a monthly support line while also justifying the bullish MACD signals and the upbeat RSI (14) line. With this, the pair buyers are confident while planning the battle with the 0.6380-85 resistance confluence comprising the 200-SMA and descending trend lines stretched from late September, as well as from early October. Also acting as the upside filter is the previous weekly high of around 0.6400 and the monthly peak surrounding 0.6450, a break of which will give control to the bulls. On the contrary, the 0.6300 round figure restricts the short-term downside of the AUDUSD pair. Following that, a slightly rising support line from early October, close to 0.6290 at the latest, will act as the final defense of the Aussie pair buyers. It’s worth noting that the monthly trough near 0.6270 will also challenge the sellers before allowing them to target the previous yearly bottom close to 0.6190. Overall, the AUDUSD pair remains in the recovery mode but the upside momentum needs validation from the 0.6380-85 hurdle and the scheduled key fundamental data/events.
by MTradingGlobal
AUDUSD ShortFOREXCOM:AUDUSD - 4H Analysis Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
AUDUSD ShortFOREXCOM:AUDUSD if you like the ANALYSIS, give a BOOST Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard
Short
by Phinics
AUDUSD trading strategy on October 20The RBA meeting has been held and we have found the co-governor leaning towards the possibility of additional interest rate hikes and will await economic data in the near term. In line with the hawkish trend, RBA Governor Michele Bullock spoke at the summit yesterday and pointed to recent back-to-back events that provide a high reward. All of this makes Wednesday's Australian Q3 CPI the focus of attention for AUD. A Bloomberg survey expected the full share to come in at 5.2%, well above the RBA's mandated target of 2-3%. In the near future, US government bond benefits will increase higher than continued USD support and could create AUD/USD at a new bottom.
Long
by NicoTradingMaster