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Audusdshort

AUDUSD is trending downThe Australian dollar reaction to this mornings retail sales report was interesting as the move back into negative territory (see economic calendar below) may suggest the Australian economy (households) are feeling the impact of the current restrictive monetary policy. Although one data point does not make a trend, if these spending habits continue to decline, the Reserve Bank of Australia (RBA) fight against lower inflation may follow. The RBA’s Governor Bullock portrayed or more uncertain and cautious message in her statements shown below: “We're in a period where we have to be a bit careful.” “I want to avoid imposing too much and pushing up the jobless.” “We need to ensure that inflation expectations stay anchored.” “Monetary policy is restrictive and is dampening demand.” The PBoC’s Governor Pan on the other may have aided the pro-growth AUD by stating that monetary policy will remain accommodative.
Short
by TinaTradingGold
💡 AUDUSD : Signs of a downtrend➡️Yesterday, the D1 bar in AUDUSD witnessed a decrease, closing above the low of the same bar, initially indicating a false break and subsequently confirming this deceptive move. This implies a weakening stance for AUDUSD D1 near the upper boundary of the cumulative price range. The overall structure of AUDUSD D1 remains in a sideways movement. ➡️Although AUDUSD experienced a bounce, it retraced, forming a lower price peak. The H1 structure of AUDUSD shows a downward bias. If there is a rebound in the retest mentioned above, it presents a selling opportunity. Alternatively, if the price breaks higher and retests the previous peak, it might be prudent to adopt a wait-and-see approach for a potential buying opportunity.
Short
by Stone_Haven
10
AUDUSD → Struggles to extend upside 0.6520The FX:AUDUSD pair faces pressure around 0.6520 in the late European session. The rally in the Aussie asset stalls as investors await the United States Retail Sales data for October, which will be published at 13:30 GMT. As per the consensus, consumer spending contracted by 0.3% against 0.7% growth in September. Weak consumer spending data would put more pressure on the US Dollar. The US Dollar has been facing a sell-off due to easing consumer inflation in the US economy. The US inflation report for October indicated that the headline inflation grew at the slowest growth in more than two years. The annual headline CPI rose by 3.2%, softened from estimates of 3.3% and the former reading of 3.7%. AUD/USD aims to climb above the immediate resistance plotted from August 15 high around 0.6520. The Asset aims to stabilize above the 50-day Exponential Moving Average (EMA), which trades around 0.6420, indicating that the near-term trend is upbeat. The Relative Strength Index (RSI) (14) attempts to shift into the bullish range of 60.00-80.00. If the RSI (14) manages to do so, Australian Dollar bulls will get strengthened further. A decisive break above August 15 high around 0.6522 will drive the asset to August 9 high at 0.6571. Breach of the latter will drive the asset towards August 10 high at 0.6616. On the flip side, fresh downside would appear if the Aussie asset drops below October 03 low around 0.6286. This would expose the asset to 21 October 2022 low at 0.6212, followed by 13 October 2022 low at 0.6170.
Short
by tradingconmike
AUD/USD: The impact of Xi-Biden's San Fran face-offThe AUDUSD and NZDUSD led the rally against the US dollar yesterday and are doing the same again today. The surprising low inflation number from the US is what caused the rally yesterday. But today we have a new event that could be driving sentiment in these pairs. This event is still underway, so it still to play out completely, and its consequences still to be digested and figured into the market: This event is the meeting of Chinese President Xi Jinping and US President Joe Biden in San Francisco. The meetings represent a cooling of trade (and otherwise) tensions between the two countries. What next? A weak support has been established around 0.64828. I would like to see the pair probe for a close closer to 0.65400 before concluding that there is a definite bullish bias. We will be watching news reports about the mood of the meeting and any outcomes to gain an understanding of the fundamental drivers for the AUD.
by BlackBull_Markets
AUDUSD - Potential retracement ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: As we can see here price changed the character and now we could see bullish market structure. After taking buy side liquidity I see price to make a retracement to fill the imbalances lower and then may be a rejection from bullish order block. Fundamental news: Tomorrow will be released Unemployment Rate on AUD. If the result is negative, it will support our idea. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
💡 AUDUSD: Next predictionAUDUSD demonstrated a remarkable recovery in the recent session, nearly recovering all losses incurred over the preceding four sessions. The upward momentum in prices is notably robust. Anticipate further upward movement in the price. It is advisable to adjust stop losses (SLs) and maintain existing buying positions. Breaking the 0.65 threshold would serve as a confirmation signal for the market. In the event of a successful breakthrough, there is a potential for a reversal, with the target being the upper boundary of the long-term descending price channel, providing an opportunity to consider buying positions.
Short
by Stone_Haven
6