AUDUSD accumilationAU is starting to show signs of a balanced market after a mark down phase. I'm expecting slight weakness in the dollar so a sweep of the lows on au will be my buy zones.
AUDUSD trade ideas
AUDUSD buyAfter consolidating around the discount zone without any BOS to the downside we get a COCH to the upside further confirmed by a retest & rejection of the discount zone.
This indicated that price could travel up in the next few days heading upto 0.65601
For further confirmation we could wait for the price to break through the bearish order blocks above it or when we have a bullish BOS.
AUD/USD To Retrace Higher Over Time?NOTE -
Long side Blue arrow is now a representation of the speed of any rally. Price may also stop earlier than this various times (See below).
Persistent USD strength has come after both inflationary data and the inflationary effect the Trump administration may have.
Inflows into the USD are most easily reflected on the Dollar Index (DXY). You can see across the board larger hits on Risk currency assets (NZD/AUD/CAD) as well, VS EUR / GBP.
Current price rejection at lows does not exist despite flickers of hawkish bias coming out of the RBA. The over-ruling Market sentiment at the moment is all about the USD and its harsh strength.
I would expect over time this to fade especially at key levels (as it has historically). Key long zones approach both current and lower, but given current price action falls lower would also not surprise me.
Looking ahead to further news sentiment through this week and direction of price.
Would be willing to scale in at lows. Somewhat slight uptrend over the last year may persist, but bear in mind long term trend still suits a strengthened USD as the US economy advances on the world stage, outperforming other areas.
May be wise to set targets at key early resistance levels as noted based on sentiment now.
Check the trend After some volatility, a continuation of the downtrend to the blue Fibonacci levels is expected. Otherwise, it will be possible to continue the upward trend up to the specified resistance levels.
AUDUSD sell AUDUSD has is still looking bearish and it might drop heavy with the Trump Administration on board we could expect more gains on the USD dollar , so trade with caution
Read The AUDUSD MarketLet's Look at AUDUSD Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
AUDUSD rebound hinges on US yield stability, China market upsideWhile AUD/USD has maintained a strong inverse relationship with US Treasury yields across the curve over the past fortnight, the connection is weaker compared to its link with China-related variables over the same period. This suggests that any rebound in the Aussie this week may require not only stability in US rates but also a recovery in Chinese sentiment and markets, especially with no major Australian data due for the remainder of November.
The daily candlestick pattern in AUD/USD will form a morning star if prices can grind towards the session highs during European and North American trade. RSI (14) is diverging from price, signalling shifting directional risks and potentially increasing the odds of a bullish reversal.
Topside levels to watch include 0.6480, former downtrend support at 0.6505, and 0.6513 – a break above the latter could pave the way for an extended rally. On the downside, 0.6441 is a level to watch, offering a potential setup where longs can be established with a tight stop beneath for protection.
breaking down audusd for the weekbased off higher timeframes I feel price will continue to move prices lower in the coming weeks. please view chart and see if you agree
Aussie UpdateAUD/USD appeared to be on track to test the yearly low (0.6349) amid the bearish prices series but lack of momentum to break/close below the 0.6380 (78.6% Fibonacci retracement) to 0.6410 (50% Fibonacci extension) region may push the exchange rate back towards the 0.6510 (38.2% Fibonacci retracement) to 0.6520 (23.6% Fibonacci retracement) zone.
Next area of interest comes in around 0.6590 (38.2% Fibonacci extension) to 0.6600 (23.6% Fibonacci retracement) but the recent rebound in AUD/USD may unravel should if fail to defend the weekly low (0.6441).
A break/close below the 0.6380 (78.6% Fibonacci retracement) to 0.6410 (50% Fibonacci extension) region raises the scope for a move towards the yearly low (0.6349), with the next area of interest coming in around the 2023 low (0.6270).
idea for next week.UD/USD appears to be halting the selloff from the start of the week as it no longer carves a series of lower highs and lows, but the exchange rate may stage further attempts to test the yearly low (0.6349) amid waning speculation for a Federal Reserve rate-cut in December. AUD/USD trades near the weekly low (0.6441) as the US Retail Sales report shows a 0.4% rise in October versus forecasts for a 0.3% print, and developments coming out of the US may continue to sway the exchange rate as Fed Chairman Jerome Powell insists that ‘in considering additional adjustments to the target range for the federal funds rate
#AUDUSD: 1350+ Pips Swing Entry! One Not To Miss! FX:AUDUSD
Dear Traders,
Due to DXY strong bullish presence AUDUSD dropped heavily, price is likely to fall to the previous yearly low. From where we can expect a strong reversal taking price to the new level. We are targeting 1350+ pips.
AUDUSD - Correction To key Confluence20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
Perfect 1D "Inside Bar ~ Inverse Hammer" on very strong structure support.
Price will retest key confluence of resistance @ 0.65360.
Daily SMA's CROSS still above price =
Bearish Trajectory still Intact for short term.
I deeply appreciate you taking the time to study my analysis and point of view.
KEYNOTE:
The most important to consider always, before you leap:
When you jump in the river, make sure you are swimming "WITH" the current!!
What can possibly happen next Week for AUDUSD We have a really big pushto the downside and we will need a retracement to get back to the counter trendline
AUD/USD BULLSEYE STRAT 11/11/24- USD expected to withstand selling pressure; oil rally, president trump re-elected + pres trump stock rally, cpi expected to hold according to economic data matches SEIIV4L Strategic Cpi signal,
(*) buy lows @ significant decline after full decline
(*) Dxy will have fake selling pressure due to uninformed investors, this will allow market to hit Tp1 currently 1.7% away from target (0.64478)
(*) Expect AUSSIE employment securities to rally AU dollar after decline total of 7.4% chopped down to to definite TP's (0.66787) 3.6& (0.68229) - 5.8%.
- Market retracement range/range trading: 0.24% , 0.35% , 0.44%
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.
AUDUSD "LONG" IDEA (SMC - ICT)On the following chart we have a possible movement of the price upwards.
- We swept internal liquidity (IRL) on HTF
- We made a Market Structure Shift (MSS) on 1H
- However we left some Imbalanced (IMB) area below which can possible mean we made an Inducement (IDM).
I might get into buy's right on Fibonacci Optimal Trade Entry (OTE) level with 1% of my balance.
If we go lower. Will wait for another Confirmation Entry (CE)
Possibility of correction It is expected that after the price hits the resistance range, a trend change will take place and we will see the beginning of the downward trend. If the price crosses the resistance range, the upward trend is likely to continue
audusdwe did a fakeout of the third touch of the trendline and we have come back to close below i see a further push to the downside on audusd
AUD/USD Analysis on the 1-Hour ChartIn this analysis of AUD/USD, we are currently observing a clear downtrend, with sellers dominating the market. A key resistance zone, marked in pink, has been identified based on previous price action where sellers entered the market to push prices lower.
At the moment, the price is still far from this resistance zone. However, our strategy is to prepare for a potential scenario where the price retraces back to this area. If the price reaches the pink zone, there is a strong likelihood that sellers could return, resuming the downtrend.
Trading Plan:
Long Positions: For traders holding long positions, this resistance zone is an excellent area to consider reducing positions to secure profits, as a rejection from this level could lead to a decline.
Short Positions: If the price shows signs of rejection or bearish confirmation (e.g., a bearish candlestick pattern, divergence, or weakening momentum) upon reaching the pink zone, it could provide an opportunity to enter a short position in alignment with the prevailing downtrend.
Risk Management: Use a stop loss just above the pink resistance zone to manage risk in case of a breakout.
This approach combines disciplined risk management with technical analysis, ensuring that we capitalize on potential market movements while minimizing exposure to unexpected reversals.
AUDUSDAUD/USD positively correlates with other forex pairs featuring a safe-haven currency, like the Swiss franc's (CHF) AUD/CHF or the Japanese yen's (JPY) AUD/JPY. USD/CAD, the US dollar to the Canadian Dollar, has a strong negative correlation since CAD is also a commodity-based currency.
AUD/USD Reaches New Low: Technicals Highlight Bearish TrendThe AUD/USD pair has sunk below 0.65000, hitting a low of 0.64529, reflecting a persistent bearish trend for the Australian dollar. This decline aligns with the strong US dollar index at 106.4 amidst robust post-election performance. The RBA's steady interest rate at 4.35% and lackluster employment growth in Australia indicate ongoing economic pressures that may limit the Aussie’s recovery. Meanwhile, anticipated rate cuts by the Fed could introduce USD vulnerabilities, adding complexity to the pair's future trajectory. Traders should closely monitor economic indicators and central bank policies in both regions for potential market shifts.
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