AUD/USD's Path to 0.70: Bullish Continuation in PlaySince the beginning of August, AUD/USD has started reversing its bearish trend. The rise appears to be forming an ABCD pattern, with the final target potentially around the 0.70 level. After reaching a recent high, this week's correction halted exactly at the confluence of support, defined by a horizontal line and a trendline.
Yesterday, the pair quickly rebounded near its previous top, which is clearly a bullish sign
Today, we’re seeing a minor pullback, which could present a good buying opportunity. I remain bullish as long as the support holds and am targeting the 0.70 zone.
AUDUSD
AUDUSD H1 I Bearish BreakoutBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6886, a pullback resistance level.
Our take profit will be at 0.6833, which is a pullback support close to 78.6% Fibonacci retracement
The stop loss will be placed at 0.6907, which is a swing-high resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66200 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66200 support and resistance area.
Trade safe, Joe.
Livestream Levels26th September
DXY: If it breaks above 101 and bearish trendline, could trade up to 101.30. Needs to break 100.80 to signal continuation of downtrend.
NZDUSD: Buy 0.6280 SL 30 TP 70
AUDUSD: Look for reaction at 0.6820
GBPUSD: Sell 1.3285 SL 40 TP 110
EURUSD: Buy 1.1150 SL 20 TP 50
USDJPY: Buy 145.30 SL 40 TP 160
USDCHF: Nothing for now
USDCAD: Buy 1.3515 SL 25 TP 80
Gold: Break 2670 could see rapid rise to 2700
DXY - MidtermThe FED surprised the markets with a 0.50 point preemptive rate cut. We expect this preemptive cut to cause a downward movement in the dollar index. However, we do not foresee a long-term downtrend. While the FED started the process with a larger-than-expected cut, other central banks had already begun their rate-cutting cycles much earlier. Therefore, after a brief decline, we expect the dollar index to stabilize and rise again.
Technically, the first of our two major support levels, 100.6, has been broken. We now expect the decline to continue towards the second major support zone between 99.4 and 99.75. The double-top technical formation on short-term charts also supports the downward momentum. If the price finds support in the 99.4 - 99.75 range, we could see a rise towards the 102.2 - 103 area.
As for the impact on other dollar pairs, we expect to see upward movements in XxxUsd pairs and downward movements in UsdXxx pairs.
AUDCAD Long - SLs Patiently Waiting To Get DestroyedWell, there is not much to be explained besides of: Look at the weekly and the higher lows. How much of confirmation do you need, that we want to attack the upper range? Look at the 4h and tell me what you see? I see dozens of Shorts trapped and begging to stay alive. Green line needs to hold to validate this idea. Good luck.
Bearish reversal off 61.8% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6867
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6909
Why we like it:
There is a pullback resistance level.
Take profit: 0.6795
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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Market Analysis: AUD/USD Rallies Toward 0.7000Market Analysis: AUD/USD Rallies Toward 0.7000
AUD/USD surged above the 0.6800 and 0.6850 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rallied after forming a base above the 0.6750 level against the US Dollar.
- There is a key bullish trend line forming with support at 0.6860 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6750 support. The Aussie Dollar was able to clear the 0.6800 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6850 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6900 zone. A high was formed near 0.6908 and the pair recently saw a minor pullback.
There was a move below the 0.6900 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6814 swing low to the 0.6908 high. On the downside, initial support is near a key bullish trend line at 0.6860.
The next major support is near the 61.8% Fib retracement level of the upward move from the 0.6814 swing low to the 0.6908 high at 0.6850 and the 50-hour simple moving average.
If there is a downside break below the 0.6850 support, the pair could extend its decline toward the 0.6800 level. Any more losses might signal a move toward 0.6740.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6910. The first major resistance might be 0.6925. An upside break above the 0.6925 resistance might send the pair further higher.
The next major resistance is near the 0.6980 level. Any more gains could clear the path for a move toward the 0.7000 resistance zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Levels discussed on livestream 25th September25th September
DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level.
NZDUSD: Buy 0.6310 SL 20 TP 50
AUDUSD: Sell 0.6880 SL 20 TP 40
GBPUSD: Buy 1.3345 SL 40 TP 80
EURUSD: Buy 1.1205 SL 15 TP 45
USDJPY: Could range between 145 and 143, look for breakout potential
USDCHF: Buy 0.8470 SL 20 TP 80
USDCAD: Sell 1.3420 SL 25 TP 55
Gold: Bounce off 2652 could trade to 2670 with major level at 2700
AUD departs from 2024 high on Bullock speechFrom a technical perspective, AUD/USD has potential to further its upward movement. The daily chart indicates that technical indicators are trending sharply lower and are well above their midlines, yet not presenting overbought circumstances. Meanwhile, the pair is trading above bullish moving averages, with the 20 Simple Moving Average (SMA) showing upward momentum roughly 100 pips below the current level.
The 4-hour chart shows that technical indicators are within positive territory, although not strong enough to confirm another upward leg. The Momentum indicator rebounded from around its 100 line but remains well below its intraday high, while the Relative Strength Index (RSI) indicator consolidates at around 64.
Support levels: 0.6820, 0.6775, 0.6730.
Resistance levels: 0.6870, 0.6910, 0.6945.
News:
RBA GOVERNOR BULLOCK: RECENT DATA HASN'T SIGNIFICANTLY ALTERED POLICY OUTLOOK
-INTEREST RATES TO STAY UNCHANGED FOR NOW
-PROGRESS ON CORE INFLATION LIKELY REMAINED SLOW IN Q3
-Q2 GDP FIGURES INDICATE SLIGHTLY WEAKER SHORT-TERM OUTLOOK
-BULLOCK ANTICIPATES AUGUST HEADLINE CPI TO FALL BELOW 3.0%
-BOARD DOES NOT ANTICIPATE NEAR-TERM RATE CUT
-BOARD CONSIDERED ADJUSTING POLICY MESSAGING
According to MKTNews.net
Bullock's speech today contributed to AUD weakness of current 4hrs chart
Bearish reversal off multi-swing high resistance?The Aussie (AUD/USD) is reacting off the pivot which acts as a multi-swing high resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.6897
1st Support: 0.6797
1st Resistance: 0.6988
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Usdjpy trade idea #usdjpy #xauusd #btcusd #eurusdusdjpy is under resistance level in 4H timeframe and currently break the 1H trendline
and taking pullback we need a red candle in my enter point to execute trade
I DON'T RECOMMAND YOU TO TAKE TRADE AFTER SEEING MY TRADE IDEA
IF YOU TRADE THEN TRADE WITH YOUR OWN STRATEGY AND TAKE RISK AT YOUR OWN RIISK
Weekly Pennant, Daily Bull Flag Confirmed! - AUHere I have AUD/USD on the Weekly & Daily Charts!
Starting on the Weekly:
- Price has been creating Lower Highs into Higher Lows forming a Pennant Pattern!
- Price will consolidate in this formation until we are given a Bullish or Bearish Break.
- Aug. 5th - RBA decides to HOLD rates @ 4.35%, afterwards we see a Fake-out of Price
Breaking Down the Daily:
- After the Fake-out, we see Price make a Bullish run and create an Equal High
- Going from the Low of the Fake-out @ .63478 to the Equal High @ .68239, Price follows a Descending Channel until making a Fibonacci Retracement to the 38.2% Level, leading to a Bullish Break Confirming a Bull Flag Pattern!
- Sept. 18th - FED decide to Cut rates by 50 BPS to 5%, afterwards on Sept. 19th Price Closes Bullish Above the Resistance-Turned-Support giving us a Higher High and Potential Buying Opportunities!
I suspect the next area of Resistance Price will come to is at the over head Swing High @ .6895 and Falling Resistance where ultimately I believe AUD will give a Bullish Break to the Weekly Pennant and we will see Price continue to climb!
Indicators:
* RSI is beginning to become sustained Above 50
* BBTrend is printing Green Bars
* If you take the two Largest Bearish Candles in recent Price Action ( Sept. 3rd & Sept. 6th in Descending Channel), we can see that the Volume Delta prints -36.103K for the 3rd but only -20.958k for the 6th, Signaling less Bearish Participants!
AUDUSD: 4H Curve AnalysisHere's a breakdown of the current AUDUSD market outlook based on the 4-hour timeframe, followed by my setup for the upcoming downtrend as price action approaches the Supply Zone.
OSCILLATORS OVERVIEW
The oscillators are showing a MIXED picture:
Relative Strength Index (RSI) : 59.78, Neutral
Stochastic %K : 76.30, Neutral
Commodity Channel Index (CCI) : 104.73, indicating a Sell
MACD Level : 0.00207, indicating a Sell
Momentum : 0.00375, signaling a Buy
The remaining indicators like ADX, Awesome Oscillator, and Williams Percent Range are neutral, suggesting NO SIGNIFICANT DIRECTIONAL BIAS YET.
In summary, the oscillators show a MIXED to NEUTRAL sentiment with no overwhelming momentum in one direction. However, the CCI and MACD hint at potential SELLING pressure as the pair enters OVERBOUGHT conditions.
MOVING AVERAGES OVERVIEW
The moving averages paint a stronger BULLISH picture:
All key moving averages—SMA and EMA across 10, 20, 30, 50, 100, and 200 periods—are in BUY territory. This shows that the medium and long-term trend remains BULLISH for now.
Notably, the Hull Moving Average (9) is showing a SELL signal, potentially signaling a shift in short-term momentum or exhaustion in the uptrend.
The Ichimoku Base Line is NEUTRAL, indicating indecision.
As price enters the Supply Zone (near overbought levels), I'm preparing to enter short positions with a well-defined strategy:
SLO2 @ 0.6845
SLO1 @ 0.6793
TP1 @ 0.6693
TP2 @ 0.6609
TP3 @ 0.6548
TP4 @ 0.6452
BLO1 @ 0.6430
BLO2 @ 0.6374
🚫 For shorts, the stop-loss is set at 0.6872 (pivot high) to protect against unexpected bullish reversals.
🚫 For potential buys, the stop-loss is placed at 0.6348 (pivot low).
This setup capitalizes on a potential downtrend when AUDUSD hits resistance in the Supply Zone, targeting key levels down to 0.6452. Should the downtrend continue, there’s also room for further downside to 0.6374 and below.
Be prepared for the trade to trigger once price action enters overbought territory. I’ll keep you posted on any key updates as the market develops.
Stay strategic and disciplined!
Levels discussed during livestream24th September
DXY: Currently just below 101, needs to break 100.85 for more downside to 100.60 support level.
NZDUSD: Look for reaction at round number resistance 0.63
AUDUSD: Sell 0.6810 SL 20 TP 60
GBPUSD: Buy 1.3380 SL 30 TP 60
EURUSD: Buy 1.1150 SL 15 TP 50
USDJPY: Sell 143.70 SL 50 TP 155
USDCHF: Sell 0.8460 SL 25 TP 50
USDCAD: Do Nothing, in the middle of support / resistance level
Gold: Upside to continue, looking to buy dips, up to 2650
Aussie H4 | Approaching overlap supportThe Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6806 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6727 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 0.6921 which is a level that aligns with the 127.2% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.675 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity.
Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory.
With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points.
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