Downloading...
Download

Auduusd

Australian Dollar holds up after RBA rate cut | FX ResearchEarlier today, the Reserve Bank of Australia cut rates by 25 basis points as widely expected. The accompanying communication leaned to the hawkish side with respect to the outlook on future rate cuts, which kept the Australian dollar propped up. As for Fed rate expectations, the market is currently pricing in 40 basis points of cuts in 2025. Meanwhile, risk sentiment has been improving in recent days due to an alleviation of stress around tariffs and a potential peace deal between Russia and Ukraine. Key standouts on Tuesday's calendar include UK employment data, a speech from BOE Governor Bailey, German and Eurozone ZEW sentiment, Canada inflation data, New York Empire manufacturing, NAHB housing, and Fed speak. That's all for now. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Could the Aussie reverse from here?The price is currently reacting off the pivot which acts as a pullback resistance and could drop to the 1st support identified as an overlap support. Pivot: 0.6799 1st Support: 0.6753 1st Resistance: 0.6852 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
RBA decision: Will the Aussie Dollar break out? RBA decision: Will the Aussie Dollar break out? A potentially interesting week awaits the Aussie dollar, with the Reserve Bank of Australia (RBA) expected to hold its interest rate unchanged. Money markets price around a 97% chance for rates to remain at the current level and only a 3% probability of a 25-basis point cut. Last week, ANZ became the first of the big four banks to push their prediction of a RBA interest rate cut into 2025. The bank now expects the first RBA cash rate reduction to come in February. Before this shift, ANZ was aligned with CBA, NAB, and Westpac in forecasting a cut this November. A look at Aussie price action shows AUD/USD trading within a very mild descending channel formation or a range between 0.6577 and 0.6690. A decisive break above the 20-day Simple Moving Average (SMA) before breaking 0.6709 could indicate an extension higher to a target at 0.6713. A decisive break below the range floor could indicate a follow-through to at least 0.6556.
by BlackBull_Markets
Head & Shoulders on AUDUSDThe AUDUSD fell from the 0.6480 level following the RBA's decision to hike rates by 25bps on Tuesday. The retracement failed to break above the 38.2% Fibonacci retracement level, forming a head and shoulders pattern on the AUDUSD. Anticipating recovery in strength on the DXY, look for the AUDUSD to break below the neckline at 0.6415 to signal further downside, with the next previous swing low at 0.6325 a possible target level. A more conservative sell signal would be to wait for the price to break below the 50% Fibonacci retracement level at 0.6395
by JinDao_Tai
AUDUSD DAILY:TARGET 0.6987 DONE,OVERSOLD BUT STILL TARGET 0.6776AUDUSD broke below 0.7134 and hit 0.6987 target. As I said in previous outlook, "Break below 0.7134 potentially target 0.7086 & 0.6987." AUDUSD hit low at 0.6829. Now, AUDUSD rebound and regain 0.6987. There is stiil possibility for a move toward 0.7086, Next resistance at 0.7134, 0.7165 & 0.7266 (former support). Break above 0.7458 would open the way to retest 0.7555, 0.7616 & 0.7662. Anyway, while below 0.7266 still bearish. Break Below 0.6829, bearish continue with target toward 0.6776 & 0.6685.
Short
by Wahyu_Luck
AUD/USD Near-Term/Longterm OutlookAlthough Australia’s unemployment rate unexpectedly dropped in July to a 12-year low, the drop was largely due to people falling out of the labor force as coronavirus lockdowns limited their ability to look for work.The Australian Bureau of Statistics (ABS) emphasized the data should not be viewed as a sign of strength in the labor market noting the number of unemployed fell sharply mainly due to the restrictions of lockdowns. The main trend is down according to the daily swing chart. The downtrend was reaffirmed earlier last week when sellers took out the November 13, 2020 main bottom at .7222. A trade through the intraday low at .7212 will signal a resumption of the selling pressure. A trade through .7427 will change the main trend to up. This is highly unlikely, however, the AUD/USD is down 11 sessions from its last main top, which puts it inside the window of time for a closing price reversal bottom. A closing price reversal bottom won’t change the main trend to down, but if confirmed, it could trigger the start of a minimum 2 to 3 day counter-trend rally. On the upside, the nearest resistance is the long-term Fibonacci level at .7379. Bullish Scenario A sustained move over .7236 will signal the presence of counter-trend buyers. The first upside target will be a minor pivot at .7319. Since the main trend is down, look for sellers on the first test of this level. Overtaking .7319 will indicate the buying is getting stronger. If this can create enough upside momentum then look for the rally to possibly extend into the Fibonacci level at .7379.
by SteadyTradeAI