The AUD/USD currency pair is currently in a favorable buying zone, with the exchange rate sitting at 0.65957. This indicates that it may be a strategic moment for traders to consider purchasing Australian dollars against the US dollar. By setting take-profit levels at 0.66282, 0.66387, and 0.66500, traders can establish clear targets for potential gains. These...
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.659. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.648 level. P.S Please,...
We plan to enter a long position on AUD/USD at 0.665, aligning with the 50% Fibonacci retracement level and a previous high, which serves as a robust support zone. As the corrective sequence progresses, entering at this level offers an optimal risk/reward ratio. The bespoke support at 0.665 strengthens our conviction for this trade. Our immediate resistance...
This is what I am looking at right now with AUDUSD. We are at an upward trend right now. My target will be around 0.685 as a Daily Supply Level. Once price has reached that point I will look at a SHORT opportunity within the Daily timeframe. I will be taking a short around 0.685 because there are strong previous Daily supply zones.
Here I have AUD/USD on the 1 Hr Chart! Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week! With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?! Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!! So far,...
long on AUDUSD after seeing a 4hour close to confirm the idea
Hello, traders here is a setup of AUDUSD as you can see the market has broken the resistance zone that the market has tested multiple times in the past and now I will wait for a pullback and then look for bullish opportunities afterward.
AUDUSD is currently in a long-term uptrend. After reaching a level of 0.664, the market pulled back to a trend line that is moving upwards. The pair was able to break through an important daily resistance area. The broken structure, along with the major rising trend line, now form a contracting demand zone, which is where the next upward movement is expected to...
SMC Concept with AUDUSD : Bullish targeting previous day high 1) SSL Swept 2) IRL->ERL 3) 5M SSL Swept , MSS 1:2RR Make you sure to use proper risk management This is a not financial advise , it is meant for educational purpose. Cheers!
AUDUSD👉Awaiting US CPI data Currently, AUDUSD is facing another strong resistance zone located near 0.6640. The price was rejected several times in the past by adding more value to the strength of this structure. We have to look for possible reversal signs if we want to trade on the "Short" side We have to wait for the price to bounce above 0.6640 for a...
Examining the trend in the four-hour time frame, it seems that AUD/USD has formed a bullish head and shoulders pattern, and therefore, provided the price breaks through the resistance range of 0.6616-0.6605, the rate can so that the resistance interval of the middle level increases in the range of 0.6686-0.6673.
With the yuan and yen offered, so too is the AUD/USD, pulling back from multi-month highs hit Thursday. Despite recent weakness, buying dips is preferred to selling rallies as long as risk appetite holds up. Given the proximity to former resistance at .6442, traders could buy ahead of the level with a stop below for protection. .6712 would be the initial target...
The price perfectly fulfilled my last idea, and it went down to support level and hit the target. FX:AUDUSD has broken through the triangle formation, a classic trend continuation pattern, and it is now making higher highs and higher lows. The market is persistently testing the resistance zone at 0.66500, and I think it's only a matter of time before it's...
UBS said in a note on May 13: "Historically, May has been a good month for the dollar. Our seasonal indicators show that demand for the dollar typically increases in the belated month of April and peaks in mid-May Mainly for the foreign exchange market overseas, it is also a signal that the market can also hold the dollar for a long time to obtain extremely high...
AUD/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6644 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6594 Why we like it: There is a pullback support level which lines...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66250 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66250 support and resistance area. Trade safe, Joe.
The audusd pair breaks the resistance level at 0.66500 and closes the candle above this level. Now the market is testing again this level to give a big move to the upside level. There is also another strong resistance level at 0.68500. the market breaks this resistance and then turns into support, and if the market holds this support level of 0.66500 then we see...