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Aussiedollar

GBPAUD BUYHi there. On 1h time frame price is forming a continuation pattern to the upside, but at the bigger time frame price is still so strong to the downside. So, for short term there is a possible up move and for medium – longer term wait for the price to hit the top of the pattern, to complete the C wave and watch strong price action for sell. AUD is still very strong, so you have to consider that. Don’t take a trade if you don’t see clearly when big guys are in.
by thunderpips
Aussie trading bearish channelAussie has been trading in a bearish channel for a while, but it seems like the end is near. it is near a strong resistance which has been tested previously 3 times, but in the end all got rejected. On the side note the price is currently around a major psychological level 0.70 It is also heading towards a major supply zone which might push price back up. For now I would trade a long position and aim for approx 100 pips, from where I would short it towards the 0.6900 area. TP to be determined later.
by dutchtrader
1
AUDUSD major break down=> Here eyeballing the recent break after failing to pierce the channel to unlock 0.6928 for a test => The broad based USD strength continues and we have December hikes to begin pricing in. After NFP today (expected to overshoot) odds will be in the 'done deal' category for hikes. => While Australia's trade surplus helps as a buffer against the yield disadvantage it is only moderating the AUDUSD decline. => The yield disadvantage is not changing any time soon and we see the bottom of the channel open for those on the sell side. => Good luck to all trading this pair in NFP .. lets see how it goes
by ridethepig
Australian Housing Market under pressure=> Here this is a very complex and advanced environment for all trading the break above => Our base case scenario on Brexit is for a hard/no deal, although with that said there is still enough political momentum in the short short term to give further gains to Sterling. => UK Yields are rising with PMI and housing data remaining robust (won't be the case for very long) => On the Australian side we have a very vulnerable housing market on the brink of collapse, and continual rise in global funding costs. => We are simply trading a knee jerk to the upside here as AUD bulls capitulate => Good luck to all those trading in live or tracking closely
Long
by ridethepig
GBP/AUD Short Setup- Price retesting the daily support - Potential triple top to be formed if this level rejects price once again - Re entered the consolidation range where price is struggling to beat 1.8185 level - This bearish bias is supported by confluence as this level is also the 61.8 fibonacci level on the H4, which suggests that the retracement could be over - A series of consolidation illustrates uncertainty and price exhaustion around this area and awaiting a bearish swing
Short
by Shivam_93
Aussie DollarThe Overall trend on AudUsd is weak and we may see more lower levels tested on this pair. As seen on the chart, both the channel and resistance level collide around 0.7320/0.7350 levels. There is a failure breaking past this demand zone hence we are more shortist on this pair. Find better price if you are going to trade, else a destination to Australia will be Ideal now. USDJPY is another pair that we are watching, bearish view remain intact with 113.15/113.20 resistance still not tested.
by TradersArticle
AUDUSD: LONG Opportunity BuildingVery strong Bullish price action on the Aussie/Dollar after finding support around the 0.7085 handle. Price has completed a bullish head and shoulders pattern but is facing resistance at the 0.725 mark. My system has not given a trade signal, so for now I am simply monitoring the pair to see how it follows through for the rest of the week. It is worth noting that Dealer Intermediaries have grown less net long the Aussie over the last two weeks. Next weeks CFTC report will likely continue this trend. LEVELS TO WATCH: 0.72822 - Price crosses above the 40 period moving average. 0.7210 - 100% Fib Extension off of September low. 0.7306 - 161.8% Fib Extension off of September low. 0.73515 - 200.0% Fib Extension off of September low. 0.7315 - 0.7262 - Supply Zone
by thetradeWELL
AUD/USD looking for double bottom. back bellow 2016lowsAUD/USD I am looking for a completion of a Head and shoulders stared on aug/31. Enough selling pressure can blow thru the 2nd shoulder and end up down at key support levels formed on sep-10. The above checkered red line is previous lows from Dec/2016. This is now a key resistance level that must be broken. I would only enter this trade with more confirmation of a reversal and indication it is sticking to a double bottom/h&s pattern. Stop loss will be set tight, looking for 50-75 pips intraday, stop loss set tight. Longer trade can amount to 150pips. This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading. Completed 5:09pm LOS ANGELES.
by cmorak2