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AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates. Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest. Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties. The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
Short
by Chart_MasterPro
1
AUDUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of the AUDUSD, with a particular focus on the prevailing bearish sentiment detected in higher timeframes. Notably, the AUDUSD has reached a critical support level. Throughout this presentation, we explore essential aspects of technical analysis, encompassing elements such as the current trend, dynamics of price action, market structure, and various other fundamental components of technical analysis. As we progress further in the video, we closely scrutinize a potential trading opportunity. It is essential to underscore that the information provided here is solely intended for educational purposes and should not be misconstrued as financial advice. Participating in currency market trading involves a substantial degree of risk. Hence, it is imperative to judiciously incorporate risk management strategies into your trading plan.
Short
by fxtraderanthony
BluetonaFX - AUDUSD SHORT to Yearly Low Break IdeaHi Traders! AUDUSD is under more pressure, and there is a potential support break on the 1D chart. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the support price at 0.62856, which is the yearly low. Fundamental Analysis 📰 Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.   Support 📉 0.62856: YEARLY LOW Resistance 📈 0.63298: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
AUDUSD: Asian stocks opened lower after a negative overnight sesAsia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points. US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively. Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
Short
by Chart_MasterPro
AUDUSD AUDUSD is trending downAUD increased slightly on October 12 when Australian banks may increase interest rates to 4.35% Australia is committed to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. The above agreement reflects the strategic partnership between the two countries, emphasizing the important stable and reliable flow of energy resources, which may include sectors such as coal and liquefied natural gas (LNG)
Short
by Chart_MasterPro
"AUDUSD: Bullish Momentum Towards 0.6700+"AUDUSD is anticipated to experience an upward trajectory in the near future. The price recently reached a crucial support level at approximately 0.6400, and subsequently, the market exhibited a notable surge in momentum. This positive price action suggests a potential bullish trend in the making. Traders and investors can reasonably expect the price to ascend towards the prominent resistance zone between 0.6700 and 0.6740, where a trendline convergence may offer significant trading opportunities. AUDUSD BUY 0.6430 TP1 - 0.6700 TP2 - 0.6740 SL - Join Our Channel
Long
by FKW-Millions