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Audusdidea

AUDUSD: The dollar is on track for another weekly gain amid econThe dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate currently stands at 148.12 yen. Risk sentiment-sensitive Australian and New Zealand dollars rose 1.7% and 2%, respectively, and are poised for their biggest weekly gains since November and June. ,beginning%. The probability that the US will cut interest rates in March has decreased, with market odds falling to 57% from 75% the previous week. The change in expectations follows strong U.S. jobs data, with jobless claims at their lowest level in about a year and a half, putting pressure on the market to cut back. Interest fee. The two-year Treasury yield, which reflects expectations for short-term interest rates, rose 22 basis points to 4.35%.
Short
by Chart_MasterPro
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical. Broker - Pepperstone This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
Divergent Inflation Paths: AUDUSD Set for Bearish MovementAnalysis for AUDUSD: Bearish Outlook 1. U.S. Inflation Trends: - Recent Data: The U.S. Consumer Price Index (CPI) showed an increase of 3.4% year-over-year in December, the highest in three months. This rise was more than expected, indicating a continued inflationary pressure. - Core Inflation: Core inflation, which excludes volatile items like food and energy, remains firm. Notable increases were seen in used cars, apparel, housing, and car insurance costs. - Federal Reserve's Challenge: The Fed faces a difficult path in achieving its 2% inflation target. The recent data suggests that the decline in goods and energy prices is slowing, while inflation in housing and services remains high. 2. Impact on AUDUSD: - Rising U.S. Inflation: Higher inflation typically leads to expectations of tighter monetary policy from the Fed. This could result in a stronger USD as interest rates may rise to combat inflation. - Market Response: The release of the inflation data led to a fall in the S&P 500 and fluctuations in Treasuries, reflecting market uncertainty. 3. Comparison with Australian Economy: - Australian Inflation: The Australian economy is reportedly experiencing a decrease in inflation, moving towards stabilization. This contrasts with the U.S. situation, where inflation remains a concern. - Economic Stability: Greater stability in the Australian economy, compared to the ongoing inflationary challenges in the U.S., might typically favor the AUD. However, the current global economic environment appears to favor the USD. 4. Global and Political Factors: - Global Risks: Rising shipping costs and potential escalations in the Middle East could impact global inflation trends, potentially affecting currency markets. - U.S. Political Climate: Inflation continues to be a significant issue in U.S. politics, affecting public opinion and potentially influencing economic policy. 5. Technical Analysis: - Technical Indicators: Traders should look for technical confirmation of a bearish trend, such as resistance levels, moving averages, and RSI indicators. - Price Action: Watch for bearish patterns or breaks below key support levels in AUDUSD. Conclusion: Given the higher inflation rates in the U.S. and the expectation of continued Fed intervention to control inflation, there is a potential for a stronger USD against the AUD. However, traders should continuously monitor evolving economic data and geopolitical events that could influence market sentiment and currency values. Technical analysis should be used to validate any trading decisions in the context of current market conditions.
Short
by Wiiso
3
AUDUSD: The USD soared amid higher US bond yields, pending key dThe US dollar posted strong gains on the first trading day of the year, supported by rising US yields. Market participants are currently awaiting the release of upcoming US labor market data and European inflation data to determine the direction of central bank policy. The dollar index, a measure that compares the U.S. currency with six other major currencies, rose 0.7%, its biggest single-day gain since October. This follows his 2% decline in 2023, ending his second consecutive year of increases. Last year's decline was due to market expectations that the US Federal Reserve (Fed) would cut interest rates significantly given the strong economy. The dollar's rise was supported by a rise in U.S. Treasury yields, with the benchmark 10-year Treasury note rising 7.1 basis points to 3.931%, its biggest one-day gain in more than three weeks. The dollar faced downward pressure last month after the U.S. Federal Reserve signaled a potential rate cut in 2024, but Brown Brothers Harriman & Co.'s head of global currency strategy said: "The market is starting to realize that," Win Hsin said. "The US economy remains strong," he said, suggesting a "soft landing" could result in two or three precautionary cuts by 2024. However, the market is currently pricing in six rate cuts this year. As a result, the dollar could remain "under pressure and vulnerable" until those expectations materialize, Singh said.
Long
by Chart_MasterPro
AUDUSD BUYAUDUSD is currently breaking the lower high area of the descending channel on the daily timeframe. Additionally, a Cup and Handle formation is visible on the 4-hour chart, indicating a potential bullish continuation. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. 📣 Like and Share for More Insights! 🔄✨
Long
by Pro-Trading-Africa
1
AUDUSD Technical Analysis And Trade IdeaThe AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase. Our primary focus revolves around identifying retracement levels within the 50% to 61.8% Fibonacci zone, an area we favor for optimal entry opportunities. This video delves into the intricacies of price action, market structure, and overarching trends, unveiling pivotal insights into technical analysis. Throughout this analysis, we delve into crucial elements: market structure dynamics, nuances of price action, trends' patterns, and fundamental technical analysis components. It is crucial to underline that this content serves purely educational purposes. Therefore, it is imperative to refrain from interpreting it as financial advice.
Long
by fxtraderanthony
BluetonaFX - AUDUSD Double Bottom OpportunityHi Traders! AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires. Here are the details: The market is currently holding above the price rejection support level of 0.65710. Preferred Direction: Buy Entry Level: 0.65737 Stop Level: 0.65494 Target Level: 0.66302 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BluetonaFX - AUDUSD More Upside Potential After Resistance BreakHi Traders! AUDUSD continues to trade with bullish momentum, and there is potential for further upside targets as the market has broken above its three-month range zone. Price Action 📊 After breaking above the range zone resistance at 0.65230, the market re-tested the resistance break as support, and the support held successfully. The price action looks very bullish, and our plan is to buy market dips to target further upsides. Fundamental Analysis 📰 The minutes from the November 7th Reserve Bank of Australia meeting revealed a very close call to increase rates by another 25 basis points with the goal of curbing inflation. Governor Bullock warned that prices are ‘rising strongly for the majority of the goods and services we all consume.’ She also suggested that interest rates in Australia would remain high. Support 📉 0.65230: PREVIOUS RANGE ZONE RESISTANCE Resistance 📈 0.65896: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX