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Audusdanalysis

Seeking a bearish breakout on AUD/USDThe Australian economy has had a few of soft data points this week which, whilst not detrimental to the economy, will be duly noted by the RBA as they seek to cool the economy without completely breaking it (and ponder a pause in rate hikes). Yesterday we found inflation was 'only' 7.4% y/y, compared to 8.1% expected and 8.4% prior - and GDP was soft at 0.5% q/q. Well today things got a little more interesting with housing and credit data. The S&P Global Ratings Agency noted in a report that mortgage arrears were on the rise, whilst dwelling approvals nosedived nearly 30% in January alone. Cleary, RBA's aggressive hiking path is beginning to bite, and we also need to consider that there's a large lag between hikes and such data points (so expect further weakness to come). And that matters, as it could force the RBA to stop hiking sooner than they currently expect, and that is likely to weigh further on AUD/USD whilst some Fed members continue to speak of interest rates being over 5.4% and ponder between a 25 or 50bp hike in March. AUD/USD daily chart: We can see on the 4-hour chart that the AU-US 2-year yield differential is pointing sharply lower as US yields continue to outpace their Australian counterparts. Prices are consolidating within a potential bear flag or retracement channel, whilst the RSI (14) remains below 50 and shows the potential for a lower high. If prices drift higher, bears could seek bearing setups below the 0.68200 (last week's VPOC) or the daily pivot point. Otherwise, they could wait for a bearish break of the bear-flag and assumes bearish continuation towards 0.6650 and 0.6570.
Short
by CityIndex
AUDUSDAfter reacting to the dynamic ceiling of the decreasing range and forming a divergence, it showed a negative reaction. Now with the breaking of the static 0.66280 area of the previous trend floor, we can expect two ranges of 0.62681-0.60259 to form a zigzag at 61.8 and 78.6 He expected the Fibonacci percentage. Between Fibonacci percentages, two ranges based on pivot points at 0.61555-0.59134 can also be predicted. In case of failure of all targets, we can expect the range of 0.57360 to complete ABCD and the bottom of the specified range. There is no reason to touch all the goals and every goal is a resistance to reach the next goals
by maryammh
AUDUSD Daily: 19/02/2023: Looking for buy! As you can see, the price touched the supply zone and fell. Now the price is in a very important area that can rise till resistance or even more, move up to collect liquidity and touch the low time frame supply zone. So for that, it may rise from here or start an upward move around 0.67828. Please pay attention to the details on the chart. 💡Wait for the update! 🗓️19//02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
AUDUSD : Short Trade , 1hHello traders, we want to check the AUDUSD chart in the 1-hour time frame. The price has managed to break an ascending channel as well as the support area of 0.68600 and 0.68800, while it is moving in a descending channel. It has pulled back to the specified level. We expect it to continue its downward trend and fall to the price of 0.67400. Good luck. AUDUSD sell Entry : 0.68794 Stop : 0.69545 , Target1 : 0.68110 , Target2 : 0.67400 Risk/Reward Ratio : 2
Short
by mrAT_Trader
1
AUDUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on AUDUSD . Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I look price to make a retracement to fill the imbalance and then to reject from bearish order block to open a short position. ‼️Attention!!! Due to the fact that we have news on USD & AUD tomorrow, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD