AUSSIE DOLLAR POSSIBLE SELL OPPORTUNITY We may experience a shorterm sell in AUDUSD. A sell opportunity is envisaged from the current market price as price embarks on a retrace to a previous resistance which now turn support.
AUDUSD trade ideas
Market Analysis: AUD/USD Rallies Toward 0.7000Market Analysis: AUD/USD Rallies Toward 0.7000
AUD/USD surged above the 0.6800 and 0.6850 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rallied after forming a base above the 0.6750 level against the US Dollar.
- There is a key bullish trend line forming with support at 0.6860 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6750 support. The Aussie Dollar was able to clear the 0.6800 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6850 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6900 zone. A high was formed near 0.6908 and the pair recently saw a minor pullback.
There was a move below the 0.6900 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6814 swing low to the 0.6908 high. On the downside, initial support is near a key bullish trend line at 0.6860.
The next major support is near the 61.8% Fib retracement level of the upward move from the 0.6814 swing low to the 0.6908 high at 0.6850 and the 50-hour simple moving average.
If there is a downside break below the 0.6850 support, the pair could extend its decline toward the 0.6800 level. Any more losses might signal a move toward 0.6740.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6910. The first major resistance might be 0.6925. An upside break above the 0.6925 resistance might send the pair further higher.
The next major resistance is near the 0.6980 level. Any more gains could clear the path for a move toward the 0.7000 resistance zone.
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AUD departs from 2024 high on Bullock speechFrom a technical perspective, AUD/USD has potential to further its upward movement. The daily chart indicates that technical indicators are trending sharply lower and are well above their midlines, yet not presenting overbought circumstances. Meanwhile, the pair is trading above bullish moving averages, with the 20 Simple Moving Average (SMA) showing upward momentum roughly 100 pips below the current level.
The 4-hour chart shows that technical indicators are within positive territory, although not strong enough to confirm another upward leg. The Momentum indicator rebounded from around its 100 line but remains well below its intraday high, while the Relative Strength Index (RSI) indicator consolidates at around 64.
Support levels: 0.6820, 0.6775, 0.6730.
Resistance levels: 0.6870, 0.6910, 0.6945.
News:
RBA GOVERNOR BULLOCK: RECENT DATA HASN'T SIGNIFICANTLY ALTERED POLICY OUTLOOK
-INTEREST RATES TO STAY UNCHANGED FOR NOW
-PROGRESS ON CORE INFLATION LIKELY REMAINED SLOW IN Q3
-Q2 GDP FIGURES INDICATE SLIGHTLY WEAKER SHORT-TERM OUTLOOK
-BULLOCK ANTICIPATES AUGUST HEADLINE CPI TO FALL BELOW 3.0%
-BOARD DOES NOT ANTICIPATE NEAR-TERM RATE CUT
-BOARD CONSIDERED ADJUSTING POLICY MESSAGING
According to MKTNews.net
Bullock's speech today contributed to AUD weakness of current 4hrs chart
Lingrid | AUDUSD breakout and RETEST Continuation TradeFX:AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
audusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bearish reversal off multi-swing high resistance?The Aussie (AUD/USD) is reacting off the pivot which acts as a multi-swing high resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.6897
1st Support: 0.6797
1st Resistance: 0.6988
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Weekly Pennant, Daily Bull Flag Confirmed! - AUHere I have AUD/USD on the Weekly & Daily Charts!
Starting on the Weekly:
- Price has been creating Lower Highs into Higher Lows forming a Pennant Pattern!
- Price will consolidate in this formation until we are given a Bullish or Bearish Break.
- Aug. 5th - RBA decides to HOLD rates @ 4.35%, afterwards we see a Fake-out of Price
Breaking Down the Daily:
- After the Fake-out, we see Price make a Bullish run and create an Equal High
- Going from the Low of the Fake-out @ .63478 to the Equal High @ .68239, Price follows a Descending Channel until making a Fibonacci Retracement to the 38.2% Level, leading to a Bullish Break Confirming a Bull Flag Pattern!
- Sept. 18th - FED decide to Cut rates by 50 BPS to 5%, afterwards on Sept. 19th Price Closes Bullish Above the Resistance-Turned-Support giving us a Higher High and Potential Buying Opportunities!
I suspect the next area of Resistance Price will come to is at the over head Swing High @ .6895 and Falling Resistance where ultimately I believe AUD will give a Bullish Break to the Weekly Pennant and we will see Price continue to climb!
Indicators:
* RSI is beginning to become sustained Above 50
* BBTrend is printing Green Bars
* If you take the two Largest Bearish Candles in recent Price Action ( Sept. 3rd & Sept. 6th in Descending Channel), we can see that the Volume Delta prints -36.103K for the 3rd but only -20.958k for the 6th, Signaling less Bearish Participants!
AU bullishDaily institutional order flow is bullish. 4h showing possible Internal range liquidity to External range liquidity move (IRL -> ERL). Could bounce off of +FVG
Waiting on how price reacts during news
AUDUSD OUTLOOK FOR SEPT 24-26AUDUSD is currently Overvalued against the US dollar
We have 3 Supply zone highlighted wherein the price broke through Supply #1
Price is currently at Supply zone #2 and might reach Supply Zone # 3 depends if the USD reaches Demand zone because they are negatively correlated. If DXY went in the Demand zone (See other Idea on my page) The AUDUSD should Follow.
Other Factor is FED Chair Powell speech on Thursday might be the catalyst for the Forex Major pairs Huge Bearish move.
Disclaimer:
Do your own analysis and Trade Safe.
AUDUSD Price Action 1hrWait for the price leave the consolidation zone.
If it comes out in Long, wait for the retest in the support and look to enter in Long.
If it goes short, wait for the Retest at resistance and look to go short.
AUDUSD BreakdownHi,
Enjoy my vid of me breaking down AUDUSD. I'm late to this trade and its not a potential set up. I just wanted to showcase how I break down the market from start to finish.
AUDUSD at weekly trend lineIntraday Update: The AUDUSD is testing the LONG TERM weekly trend line which does suggest the .6900 level will be make/break for the pair this week. With the market past the RBA and China stimulus moves, this becomes make or break for the pair.
Sell audusdAudusd already over bought
Weekly strong supply level it will go down one more time from this level
Minimum 400 pips drop expected
Trade with caution
AUDUSD: 4H Curve AnalysisHere's a breakdown of the current AUDUSD market outlook based on the 4-hour timeframe, followed by my setup for the upcoming downtrend as price action approaches the Supply Zone.
OSCILLATORS OVERVIEW
The oscillators are showing a MIXED picture:
Relative Strength Index (RSI) : 59.78, Neutral
Stochastic %K : 76.30, Neutral
Commodity Channel Index (CCI) : 104.73, indicating a Sell
MACD Level : 0.00207, indicating a Sell
Momentum : 0.00375, signaling a Buy
The remaining indicators like ADX, Awesome Oscillator, and Williams Percent Range are neutral, suggesting NO SIGNIFICANT DIRECTIONAL BIAS YET.
In summary, the oscillators show a MIXED to NEUTRAL sentiment with no overwhelming momentum in one direction. However, the CCI and MACD hint at potential SELLING pressure as the pair enters OVERBOUGHT conditions.
MOVING AVERAGES OVERVIEW
The moving averages paint a stronger BULLISH picture:
All key moving averages—SMA and EMA across 10, 20, 30, 50, 100, and 200 periods—are in BUY territory. This shows that the medium and long-term trend remains BULLISH for now.
Notably, the Hull Moving Average (9) is showing a SELL signal, potentially signaling a shift in short-term momentum or exhaustion in the uptrend.
The Ichimoku Base Line is NEUTRAL, indicating indecision.
As price enters the Supply Zone (near overbought levels), I'm preparing to enter short positions with a well-defined strategy:
SLO2 @ 0.6845
SLO1 @ 0.6793
TP1 @ 0.6693
TP2 @ 0.6609
TP3 @ 0.6548
TP4 @ 0.6452
BLO1 @ 0.6430
BLO2 @ 0.6374
🚫 For shorts, the stop-loss is set at 0.6872 (pivot high) to protect against unexpected bullish reversals.
🚫 For potential buys, the stop-loss is placed at 0.6348 (pivot low).
This setup capitalizes on a potential downtrend when AUDUSD hits resistance in the Supply Zone, targeting key levels down to 0.6452. Should the downtrend continue, there’s also room for further downside to 0.6374 and below.
Be prepared for the trade to trigger once price action enters overbought territory. I’ll keep you posted on any key updates as the market develops.
Stay strategic and disciplined!
AUDUSD Maintains UptrendAs long as AUDUSD stays above 0.6730, traders will likely buy on dips in the 0.6730 to 0.6797 range, and then challenge the 0.6868 high, followed by 0.69. Breaking this level opens the door to the January 2023 high of 0.7159, a significant 250-pip gain, providing a potentially easier path for traders if resistance is cleared.
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