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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD || UpdateKey Points U.S September Consumer Prices increase 2.4% from year earlier — previous 2.5% Core prices, which exclude volatile food and energy items, climbed 3.3% U.S inflation weakened in September, extending a streak of cooler readings Dow Jones Industrial Average recovered lost ground on Tuesday, Investors grappling with lower rate cut expectations after last weeks labor print XAUUSD: Gold jumps 1.5% S&P 500 Breaks out to new all-time high Monthly data on October hiring, due Nov. 1, will be the Federal Reserve’s last look at the labor market before its next rate-setting meeting As bears took over the AUDUSD market causing a -3.37% move from Sept 2024 high [previous post indicated price retrace towards key psychological resistance at the 0.685/0.68]. As stated earlier, the inflation, PPI reports and the Michigan consumer sentiment reports may prove key catalysts in determining the continuation or reversal of this pair. The key level around 0.67214 0.67153 0.67070 held support to the pair and price is currently trading at 0.67576 heading into the close of this weeks session. Key Levels 0.685 0.68 0.67 0.66 0.695
Short
by deusmanagement
2
#AUD/USD 1HAUD/USD 1H – Falling Wedge Pattern The AUD/USD pair on the 1-hour chart is showing a falling wedge pattern, which is a classic bullish reversal setup. This pattern indicates that the price, currently in a downtrend, may soon reverse and move higher. #Pattern Overview: -Falling Wedge: The pattern is defined by two downward-sloping, converging trendlines. The price moves within this narrowing range as selling pressure weakens over time, which often leads to a bullish breakout. #Forecast: -Buy Signal: The anticipated move is a breakout above the upper resistance trendline of the wedge. This breakout is considered a strong buy signal, suggesting the price will move upward as the bearish momentum fades. #Trading Strategy: - *Entry Point: Enter a buy position when the price decisively breaks out of the wedge and closes above the resistance line. - Targets: Initial targets for the move upward could be based on nearby resistance levels or prior price action highs. -Stop Loss: To manage risk, place a stop-loss below the most recent swing low inside the wedge, ensuring protection in case of a false breakout. This setup points to a buying opportunity upon breakout, as the AUD/USD pair is likely to climb after confirming the bullish reversal.
Long
by PIPSFIGHTER
Aussie H4 | Potential bullish bounceThe Aussie (AUD/USD) is falling towards a multi-swing-low support and could potentially reverse off this level to climb higher. Buy entry is at 0.6697 which is a multi-swing-low support that aligns close to a 78.6% Fibonacci retracement. Stop loss is at 0.6622 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 0.6792 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Audusd confirm analysis read the caption The AUDUSD fell to - and through the 38.2% retracement of the move up from the August low at 0.67146 late yesterday, but bounced higher in the Asian session today. The high price in the Asian session extended up to 0.67417 which was just short of the low of a swing area 0.67429. The subsequent fall back to the downside helped by CPI and initial jobless claims did see a new low reached at 0.66997. That low was ahead of a swing area between 0.6685 and 0.6696. The 100 day moving averages between those levels as well
by Mrsam36
#AUDUSD 1HOn the AUD/USD 1-hour chart, the price has reached a key support level. This level represents an area where buying interest has previously stepped in, preventing further declines in price. The support zone indicates a potential reversal point, as the selling pressure may weaken and buyers could start to dominate. Forecast: Buy Given the strong support level, a buy opportunity is anticipated. Traders may consider entering a long position if the price holds above this support, with a potential upside toward nearby resistance levels. It's important to monitor the price action closely for confirmation that the support is holding before executing the trade.
Long
by PIPSFIGHTER
AUD/USD Declines Amid Geopolitical Tensions and Key Economic DatThe Australian Dollar (AUD) is trading lower against the US Dollar (USD) after key economic data released on Thursday added downward pressure to the risk-sensitive AUD/USD pair. The market is also reacting to rising geopolitical tensions in the Middle East, with risk appetite fading as concerns mount. According to the Israeli Broadcasting Authority (IBA), Israel’s security cabinet has decided to issue a strong response to a recent Iranian attack, which saw Iran launch over 200 ballistic missiles and drone strikes on Israel on Tuesday night. This escalating conflict has weighed heavily on risk assets like the Australian dollar, as investors move toward safe-haven currencies such as the US dollar in times of geopolitical instability. Geopolitical Tensions Drive Risk-Off Sentiment The increased volatility in the Middle East is driving investors to reassess their exposure to risk-sensitive assets, with the AUD/USD pair feeling the impact. Rising tensions between Israel and Iran have spooked markets, dampening risk appetite and pushing traders toward safe-haven currencies like the US dollar. As geopolitical risks escalate, risk-off sentiment is likely to continue pressuring the Australian dollar, which is highly sensitive to global risk sentiment. Key Economic Data Adds to AUD's Weakness Adding to the AUD’s woes, the recent economic data released on Thursday has contributed to its decline against the USD. The data has underscored the challenges facing the Australian economy, with weaker-than-expected results further diminishing the currency’s appeal. In contrast, the US dollar has remained buoyant, supported by stronger economic fundamentals and hawkish expectations for the Federal Reserve. Technical Outlook: AUD/USD Faces Further Downside From a technical perspective, the AUD/USD pair reversed after touching a key Supply area, which aligned with our previous forecast. This reversal is consistent with the Commitment of Traders (COT) report, which shows that retail traders have aggressively increased their long positions, typically a contrarian indicator signaling further downside. The pair is now poised for a potential continuation of the downtrend, with bears likely eyeing additional levels of support as the US dollar strengthens amid both geopolitical concerns and a favorable economic backdrop. Conclusion: Bearish Outlook for AUD/USD The combination of rising geopolitical tensions in the Middle East and weaker domestic economic data has placed significant pressure on the Australian dollar. As risk sentiment continues to shift away from risk-sensitive assets like the AUD, the pair is likely to experience further downside, especially if geopolitical risks escalate and the US dollar remains strong. Traders should monitor developments in the Middle East closely, as well as any further economic data that could influence the direction of the AUD/USD pair. For now, the bearish momentum remains intact, and the pair could see continued weakness in the near term. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
AUDUSD POSSIBLE BUY The market is currently testing the current daily Fib area 0.786 and 0.6. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex