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Audusdanalysis

AUD/USD Declines as RBA Holds Interest Rates SteadyThe AUD/USD pair is experiencing continued downward pressure following the Reserve Bank of Australia's (RBA) decision to hold the Official Cash Rate (OCR) steady at 4.35% during its final policy meeting of the year. RBA Governor Michele Bullock articulated this choice at a press conference, highlighting that the interest rate has remained at this 12-year high for nine consecutive meetings in December. Currently, the price is trading around 0.6395, reflecting this bearish trend. Market participants are keenly awaiting key economic data, including the upcoming US Consumer Price Index (CPI) announcement and Thursday's unemployment claims, along with the Core Producer Price Index (PPI). These reports are anticipated to introduce considerable volatility into the market. Should favorable economic indicators emerge for the USD, the AUD/USD could potentially approach the next demand zone. At this time, we are not looking to initiate any positions but rather to monitor the price movement and await a possible reach toward that demand area. ✅ 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
1
Market Analysis: AUD/USD Sink Further, Losses Mount Market Analysis: AUD/USD Sink Further, Losses Mount AUD/USD declined below the 0.6400 and 0.6375 support levels. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a fresh decline from well above the 0.6400 level against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6340 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6430 zone. The Aussie Dollar started a fresh decline below the 0.6400 support against the US Dollar, as discussed in the previous analysis. The pair even settled below 0.6375 and the 50-hour simple moving average. There was a clear move below 0.6340. A low was formed at 0.6317 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6340 level. There is also a connecting bearish trend line forming with resistance at 0.6340. It is close to the 23.6% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low. The next major resistance is near the 0.6375 zone or the 50% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low, above which the price could rise toward 0.6385. Any more gains might send the pair toward the 0.6430 resistance. A close above the 0.6430 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6500. On the downside, initial support is near the 0.6320 zone. The next support sits at 0.6350. If there is a downside break below 0.6350, the pair could extend its decline. The next support could be 0.6320. Any more losses might send the pair toward the 0.6300 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Update levels AUDUSD 11.12.24I had to modify this analysis a little because I interpreted the closing triangle here which was wrong, plus I added some levels here and overall I think the market will go a little lower around the price of 0.62700, we could finally create an SFP from this zone, we could move somewhere for the price, easily around the level of 0.67, which is also the point where there is poc level suppor and the fibo level of 0.618, but for now it's still just a matter of waiting.
Long
by Sony97
16
AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
1
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
AUD/USD: The Bear is Lurking – A Breakdown in the Making?Hey Forex fam! 🌍✨ Let’s talk about the Aussie Dollar (AUD) versus the Greenback (USD) – the pair that's been stuck in a battle royale of consolidation! 🧐 But here’s the scoop: the bears are sharpening their claws 🐻, and we might just be on the edge of a big breakdown! 🚨 🔍 The Setup: A Symmetrical Triangle (Bearish Edition!) 📉 Chart pattern: For the last few years, AUD/USD has been dancing between two trendlines, forming a symmetrical triangle – a classic consolidation pattern. Think of it like a coiled spring, ready to pop... but in the bearish direction! 👇 👀 Why bearish? 1️⃣ The triangle is following a long-term downtrend. The pair has been sliding since 2013, and this consolidation looks like a classic continuation pattern. 2️⃣ Momentum is fizzling out as we approach the apex of the triangle – suggesting that a downside breakout could be just around the corner. 📉 Levels to Watch: The Bear's Roadmap Support to break: 0.63 – the bottom of the triangle and a critical level to confirm the bearish breakdown. Next bearish targets: 0.60: A psychological barrier. 0.56: The low not seen since 2008 (ouch!). 💡 Why is the Bear in Control? 1️⃣ Fundamentals 📰: With the Federal Reserve still hawkish 💵 and China’s economic recovery slowing 🐢 (a key driver of AUD strength), the Aussie is under pressure. 2️⃣ Risk sentiment 😬: Investors are flocking to safe-havens like the USD in uncertain markets, leaving the AUD vulnerable. ⏳ Timing the Breakdown ⚡ Be ready for action! The pair is sitting right at the edge of the triangle. A daily close below 0.63 could trigger an avalanche of selling pressure. But remember: wait for confirmation – false breakouts can wreck your P&L! 🚨 🔥 Pro Tips for Trading the Breakdown ✅ Trade the breakout: Short AUD/USD once it closes below 0.63, and target 0.60 or lower. ✅ Set stop-losses: Place them slightly above the triangle (~0.64) to protect against fakeouts. ✅ Patience is key: Don’t rush in – let the price action confirm the direction. The Bearish Bottom Line 🐻 AUD/USD is playing a waiting game, but the technicals and fundamentals both scream downtrend continuation. If the bears break through 0.63, get ready for a dive that could take us to 2008 levels! 📉 Are you ready to ride the bear? 🐻💥 Let me know your thoughts below, and as always, trade safe! 💪✨
Short
by RoadToAMillionClub
Uptrend for AUDUSD, upto 0.69, Is my analysis wrong? {27/11/202}Educational Analysis says AUDUSD may move UP from this range, according to my technical. Broker - FXCM Why BULL RUN? Because this pair has been juggling around for months in this range, I finally changed the character to show a sign of an uptrend, and I am looking to buy and hold this position on this pair. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
AUD/USD: Seeking dips for move to 66cAUD/USD has risen for a thirds day from its multi-week low, and shows the potential to head for 66c It is the second day in a row the market closed just off its daily high and the daily RSI (2) is not yet overbought. However, the October high makes a likely interim resistance level which could spark a pullback before dip buyers return. Bulls could seek dips down towards the weekly pivot near 0.6500 in anticipation of its next leg higher, with 0.6560, 0.6584 (November VPOC) and the 0.6600 handle coming into focus.
Long
by CityIndex
AUD/USD ! November 13 ! Support H4 buy now AUDUSD trend forecast November 13, 2024 The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) for the fourth day in a row on Wednesday, pressured by disappointing Australia Wage Price Index data and optimism around "Trump trades." Despite this, Reserve Bank of Australia (RBA) Governor Michele Bullock’s hawkish stance following last week’s interest rate hold, with a focus on restrictive policy due to persistent inflation and a strong job market, likely helped limit further losses for the AUD. Price analysis: Support H4 -very solid USD - DXY: correction soon /// BUY AUDUSD : zone 0.65300 - 0.65000 SL: 0.64500 TP: 50 - 150 - 300 pips (0.68000) Safe and profitable trading
Long
by Moon-ForexAcademy
1
AUD/USD "Aussie" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist AUD/USD "Aussie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point. Stop Loss 🛑: Recent Swing High using 3h timeframe Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Short
by The-Thief
AUD/USD Maintains Strength Amid Positive Economic IndicatorsThe Australian Dollar (AUD/USD) continues to trade at elevated levels after experiencing notable gains in the previous session, predominantly fueled by the release of encouraging Purchasing Managers Index (PMI) data on Tuesday. This uptick in the currency reflects an optimistic outlook on Australia’s manufacturing and service sectors, bolstered by better-than-expected economic performance. In a significant policy decision, the Reserve Bank of Australia (RBA) has opted to maintain the Official Cash Rate (OCR) at 4.35%. This decision marks the eighth consecutive month in which the RBA has paused its rate adjustments, signaling a careful approach as the central bank navigates the complexities of the current economic landscape. Analysts speculate that the RBA is likely to hold the current rates in its upcoming policy meeting, aiming for stability amid evolving economic conditions. From a technical analysis perspective, recent price movements have indicated a rebound from key demand zones in the market, suggesting a potential shift toward a new bullish trend. Traders are paying close attention to seasonal patterns and the Commitment of Traders (COT) report, which reveals that retail investors continue to push for lower prices. This behavior often provides valuable insights into market sentiment and could indicate that a reversal may be on the horizon. The confluence of improved economic indicators, steady monetary policy, and technical analysis suggesting a bullish trend makes the AUD/USD an asset worth watching. As investors remain alert to shifts in economic data and global market conditions, the Australian Dollar could present opportunities for those looking to capitalize on potential upward momentum in the near term. In summary, the outlook for the Australian Dollar remains robust as it navigates through strong economic signals and a stable policy environment. Market participants are keenly observing developments in both the macroeconomic landscape and technical formations, which could shape trading strategies in the weeks to come. ✅ 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.
by FOREXN1
3
AUD/USD Analysis – 31 October 2024Following yesterday's U.S. elections, AUD/USD reached new monthly lows, touching 0.65132 after an extended bearish trend. On the 4-hour timeframe, the pair has formed a double-bottom pattern, a potential reversal signal, indicating that bullish momentum may be building. Given the current political landscape post-election, the USD could experience fluctuations as markets digest potential shifts in U.S. fiscal policy. This environment could create an opening for AUD/USD to pivot upward. With the technical setup and supportive conditions, AUD/USD appears poised for a potential rally in the coming days. Traders should monitor resistance levels closely and keep risk management strategies in place, as post-election sentiment can lead to rapid market adjustments.
Long
by TeptForex