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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUD/USD Testing Key Support ZoneChart Analysis: The Australian Dollar is testing a critical support area as it hovers near 0.6375 and 0.6285 (pink horizontal lines), levels that have held firm multiple times over the past year. 1️⃣ Support Retest: The price has approached this zone, which acted as support in November 2023 and March 2024. Traders often watch such levels for potential rebounds or breakdowns. 2️⃣ Moving Averages: 50-day SMA (blue): Trending downward, reflecting short-term bearish momentum. 200-day SMA (red): Flat-to-downward slope, signaling a weakening long-term trend. The price remains firmly below both SMAs, reinforcing bearish sentiment. 3️⃣ Momentum Indicators: RSI: Hovering near 36, indicating weak momentum but not yet oversold. Traders might monitor for any divergence signals. MACD: Bearish momentum persists with the signal line below zero and no clear crossover in sight. What to Watch: If the price decisively breaks below 0.6285, it could open the door for further downside. On the flip side, a rebound from this support zone might see a test of the 50-day SMA near 0.6550. Monitor RSI for any bullish divergence and price action around these key levels. The AUD/USD remains under pressure, with a critical support test underway. Traders may find clarity as price action unfolds near this zone. -MW
by FOREXcom
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell. Bearish Targets📉: 0.63980 : Possible retracement area. 0.63850 : Possible retracement area. 0.63800 : Possible retracement area. 0.63600: Possible retracement area. 0.63650 : Significant supply zone. 0.63500 : Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
Is this a bottom for AUDUSD?It's been a fantastic move lower, but is 0.6400 a spot for a reversal? Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year. Trend: LSMA moving lower since 10/21/24 Momentum: Bearish Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom? Chart Pattern: None Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target Fundamentals: No news this week or next Trade: None Stop: None
by positionforex
1
Will the better-than-expected employment data revert AUD's trend+ Macro theme: The RBA kept rates at 4.35%, sounding more optimistic about inflation and hinting at future cuts. But Thu's job numbers might spoil those plans—Unemployment Rate dropped to 3.9%, showing a surprisingly strong labor market. This hot jobs data could push back those early 2025 rate-cut forecasts many have been making. + Technical theme: - AUDUSD found support and bounced above 0.6365. The price is within the descending channel and below both EMAs, indicating a bearish momentum persists. - If AUDUSD extends its decline below 0.6365, the price may retest the subsequent support at 0.6300, confluence with the 100% level of Fibonacci Extension. - On the contrary, if AUDUSD surges above 0.6474, breaking its descending channel and EMA21, the price may retest the following resistance around 0.6560. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
by DatTong
AUDUSD speculative BUY as RBA Interest Rate DecisionAUDUSD currently traded in the downtrend movement. As we see in the weekly chart, the downshift movement starts from October as USD move stronger belong to strong economic data followed by investor's optimism of second Trump Presidential era. Tomorrow, 10/12/24 RBA would give us signal about it's interest rate. Consensus is 4,35% and we may anticipate the movement if the actual data shows 4,35%. It may cause the upward shift as technical analyst see the movement already bounced from it's weekly trendline support. The upward correction movement would as high as 0.650xx using Fibbonacci Internal Retracement tools. But, if the data shows us <4,35% it may cause more deep movement for the AUDUSD and we need to review again in further movement. I anticipated the movement and see BUY opportunity in this pair.
Long
by vicariuzchrist
5
Objectives complete and now we have new plans... AUDUSDGreetings fellow traders! All the major targets marked in the previous idea have been achieved. The new plan for now is observing what the market does. We do have a bullish Purge and Revert in progress in AUDUSD on the daily. Long till 0.64700. Apart from that, we also have a daily volume imbalance which would draw price towards it. Attaching the daily chart for reference. Have an insightful trading week ahead! Disclaimer- All content is for educational purposes only and not trading advice.
Long
by SatyajeetSahai
AUDUSD H1 | Bullish Rise?Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.6357, which is an overlap support close to the 78.6% Fibo retracement. Our take profit will be at 0.6382, which is a pullback sistance level. The stop loss will be placed at 0.6333, which is below multi-swing low support 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. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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