AUD/USD 4H Forecast: Targeting 0.63840 Amid RBA & Geopolitical R
AUD/USD 4H Timeframe Analysis
Trend:
The price is currently in a downtrend and has broken through the key support level at 0.63900.
Price Action Expectation:
We expect the price to move upwards towards our liquidity zone, which could trigger stop losses from sellers. After this upward movement, we anticipate a reversal, breaking through a minor key support zone, ultimately reaching our Sell Stop order at 0.63840.
Trade Setup:
Sell Stop Order: Positioned at 0.63840, targeting further downside movement.
Stop Loss: Placed above the liquidity zone at 0.64220.
Take Profit (TP): Set below the next key support level at 0.62700.
Fundamental Outlook:
The Aussie Dollar (AUD) remains under pressure ahead of the RBA decision. The probability of an RBA rate cut in February has increased, though markets are not fully pricing in a cut until May.
Weak inflation data from China, Australia's largest export market, has added pressure on the Aussie Dollar.
Geopolitical Risks: The potential for punitive tariffs under the incoming Trump administration has caused additional caution among traders, influencing broader market sentiment and adding to the Aussie’s vulnerability.https://www.tradingview.com/x/aD6qJsaX/
Trend:
The price is currently in a downtrend and has broken through the key support level at 0.63900.
Price Action Expectation:
We expect the price to move upwards towards our liquidity zone, which could trigger stop losses from sellers. After this upward movement, we anticipate a reversal, breaking through a minor key support zone, ultimately reaching our Sell Stop order at 0.63840.
Trade Setup:
Sell Stop Order: Positioned at 0.63840, targeting further downside movement.
Stop Loss: Placed above the liquidity zone at 0.64220.
Take Profit (TP): Set below the next key support level at 0.62700.
Fundamental Outlook:
The Aussie Dollar (AUD) remains under pressure ahead of the RBA decision. The probability of an RBA rate cut in February has increased, though markets are not fully pricing in a cut until May.
Weak inflation data from China, Australia's largest export market, has added pressure on the Aussie Dollar.
Geopolitical Risks: The potential for punitive tariffs under the incoming Trump administration has caused additional caution among traders, influencing broader market sentiment and adding to the Aussie’s vulnerability.https://www.tradingview.com/x/aD6qJsaX/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.