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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

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
Playing Both Sides of the Upcoming USD Monetary Policy DecisionTwo trading opportunities for the price of one today as we look at difference scenarios that may play out from out upcoming US monetary policy announcement this Wednesday. The first trading opportunity on the NZDUSD is a bearish trend continuation/breakout trade that would take advantage of US Dollar strength in the market. The second trading opportunity on the AUDUSD is a bearish gartley pattern that would complete if the reaction to Wednesday's decision provided us with US Dollar weakness. I personally would not recommend trading through these news events, rather waiting for the outcome (confirmation) and making a decision afterwards, but it's your money and you can do whatever you want with it! lol If you have any questions, comments or want to share you views, please do so below as I love reading through them. Akil
Short
by Akil_Stokes
2
AUDUSD - Possible Outcomes20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: (Away from charts) It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year! How I see it: Weekly candle body closed below 1W HL Support! It could be a fake-out or it could signal a further decline for stronger support There is also a chance of just a reversal from this point, or at least a strong attempt. Keynote! Alot of data this week. Trade safe as the year is coming to an end. I deeply appreciate you taking the time to study my analysis and point of view.
by ANROC
6
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move. My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce. Key points: Wait for confirmation of a trendline breakout. Observe volume and candlestick patterns to validate the move. Be cautious around the green support level for possible reversals. Patience is essential for the best entry!
Short
by WaveRiders2
2
AUDUSD still bearish AUD/USD Chart Analysis and Trade Setup (4H Timeframe) Technical Analysis: 1. Ichimoku Cloud: Price Action: The price is trading below the Kumo Cloud, signaling a bearish bias. Tenkan-Sen (Blue Line) and Kijun-Sen (Red Line): The Tenkan-Sen remains below the Kijun-Sen, which confirms bearish momentum. Cloud Outlook: The future Kumo (to the right) remains red, indicating that bearish sentiment is likely to persist. 2. Support and Resistance: Immediate Support: 0.63500, as the price is currently testing this level. Resistance Levels: 0.63790 (first hurdle), 0.63911 (stronger short-term resistance). If support at 0.63500 breaks, the next downside target will likely be 0.63259. 3. Volume: Volume is relatively moderate but has picked up as the price tests support, suggesting a potential breakout to the downside if sellers gain control. 4. Candlestick Patterns: A series of bearish candles is seen, with no strong reversal patterns as of now. A bearish continuation setup may unfold if the price closes below 0.63500 on the next candle. Trade Setup: 1. Bearish Scenario: Entry: Short the AUD/USD pair if the price closes below 0.63500. Target: First take-profit at 0.63259, Extended target at 0.63000 if bearish momentum accelerates. Stop-Loss: Place a stop above 0.63790 (resistance). Risk/Reward: Ensure a minimum ratio of 1:2 for profitability. 2. Bullish Reversal Setup (Less Probable): If the price bounces off 0.63500: Entry: Long above 0.63790. Target: First at 0.63911 and next at 0.64261. Stop-Loss: Below 0.63450 to minimize risk. Conclusion: Current bias is bearish with potential for further downside if support at 0.63500 breaks. Watch for volume confirmation and price action around key support levels before entering trades. A bounce would signal short-term relief, but the trend remains bearish as long as the price trades below the cloud and resistance areas.
Short
by Welburg_Trading