Audusd bullish forecast Price expecting bullish move with trend just waiting price come on entry zone Longby ForexDivert225
A weaker Australian Dollar vs US DollarThe Australian dollar appears reluctant to break above its resistance level, so we consider selling and targeting the support level below. We believe that the current market conditions suggest a bearish outlook for the Australian dollar, as it struggles to gain momentum above the resistance level. By selling at this point and targeting the support level below, we aim to capitalize on potential downward movement in the currency. Shortby LeoDante_FXUpdated 4
Audusd fresh view ✍️Waiting for bsl sweep then we shall look for sell trade.Shortby ForexDivertUpdated 227
AUDUSD InsightHello, everyone, and welcome, subscribers. Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. While recent U.S. inflation index indicators have shown conflicting trends, the market has paid more attention to the CPI than the PPI, with the CPI meeting expectations suggesting a potential slowdown in inflation. Additionally, retail sales and manufacturing indicators in the U.S. indicate a slowdown in the real economy. This has fueled expectations of a Fed rate cut, serving as a major driver for the depreciation of the dollar. - On May 16, the Australian unemployment rate was announced, exceeding expectations at 4.1%. - On May 16, the Philadelphia Fed Manufacturing Index for the U.S. will be released. - On May 17, the Eurozone Consumer Price Index for April will be released. - On May 20, there will be a speech by Fed Chair Powell. - On May 23, the minutes of the Federal Open Market Committee meeting will be released. Currently, the AUDUSD has broken above the previous resistance at 0.66500 and risen to the upper resistance of the downtrend. If this range is surpassed, there's a high likelihood of rising towards the vicinity of 0.71000 to form an upward trend. However, if resistance is encountered and a decline follows, we could expect a drop towards the 0.62000 line. Since the downtrend has not been broken yet, we maintain a bearish view, expecting a decline towards 0.62000. To summarize, a medium to long-term decline to the 0.62000 line seems most likely, with resistance at the 0.67200 line. We'll quickly adjust our strategy if movements deviate from expectations.Shortby shawntime_academy2
AUDUSD Bearish Butterfly Pattern Signals ReversalThe AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns precisely with a significant resistance level, suggesting strong selling pressure at this zone. 4-Hour Trend Line: The PRZ also coincides with a descending trend line on the 4-hour chart, reinforcing the bearish outlook. RSI Bearish Divergence: The Relative Strength Index (RSI) is exhibiting bearish divergence, where the price is making higher highs while the RSI is making lower highs, indicating weakening bullish momentum. Entry and Risk Management: Entry: Based on the confluence factors, an entry is recommended at 0.66730. Stop Loss: To manage risk, place the stop loss at 0.67180, just above the resistance and PRZ, providing a buffer against potential volatility. Take Profit Levels: TP-1: 0.66280 TP-2: 0.65830 TP-3: 0.65380 These profit levels are strategically placed at key support zones and Fibonacci retracement levels, offering a structured exit plan as the market potentially moves in our favor. Conclusion: Given the alignment of the Bearish Butterfly Harmonic Pattern, key resistance, trend line, and RSI divergence, a bearish reversal is anticipated from Point D. This setup presents a high-probability trading opportunity, supported by multiple technical factors. The proposed trade setup provides a favorable risk-reward ratio, making it a prudent entry for traders looking to capitalize on a potential trend reversal in the AUDUSD pair.Shortby trading_jupiter6
AUD/USD: Westpac's Bullish Perspective The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs. For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80. Westpac recently highlighted a bullish stance on AUD/USD: “...there is no clear path to significantly higher US yields at the moment, especially with Powell reiterating that persistent inflation trends prolong restrictive policies rather than suggesting imminent rate hikes. Additionally, there are increasing risks of a weakening job market, as indicated by softer April payrolls and last week's rise in jobless claims.” In essence, Powell has tentatively ruled out rate hikes, while Nonfarm Payrolls and other job data have started to soften. Furthermore, recent US CPI data revealed that the annual inflation rate eased to 3.4% in April 2024 from 3.5% in March. Although inflation remains stubbornly high, the downward trend may not support USD bulls. Extra gains might push the AUD/USD to test 0.6700, before approaching the key 0.6750 level. by BlackBull_Markets5
AUD/USD Long SetupWe look to Buy at 0.6593 which is 61.8 Fibonacci level also the ema level Spotlighting a strategic long opportunity in AUD/USD at the 0.6593 mark, aligning precisely with the 61.8% Fibonacci retracement level and closely supported by the 100-period EMA. This confluence zone not only highlights a significant technical juncture but also reinforces our medium-term bullish outlook. We expect setbacks to be constrained to yesterday's low, indicating a robust support level at 0.659. As we anticipate a corrective dip, this setup offers an attractive entry point with optimized risk/reward potential. Stay tuned for updates, especially as unfolding news could impact market dynamics and affect this trade strategy Longby EleazarahmathUpdated 336
AUD/USD gains ground ahead of wage growthThe Australian dollar has posted gains on Tuesday. AUD/USD is up 0.19%, trading at 0.6620 in the North American session at the time of writing. Australia’s wage growth for the first quarter is expected to remain unchanged. Wages rose 4.2% in the fourth quarter of 2023, the highest since 2009, with most categories showing increases. On a quarterly basis, wage prices rose 1.9%, which was the lowest gain in three quarters. If the release is not within expectations, we could see a reaction from the Australian dollar. Is the Reserve Bank of Australia considering a rate cut? The central bank hasn’t shown any rush to shift policy and held rates at 4.35% for a fourth straight time at last week’s meeting. The RBA has stressed that rate policy will be data-dependent and has made the battle against inflation its top priority. A rate cut isn’t coming until inflation falls and the RBA doesn’t expect inflation to fall within the target range of 2-3% before 2025. Inflation has come down to 3.6% but the last phase of getting inflation within target could be the most difficult part, as the Federal Reserve has discovered. Unless inflation surprises with a sharp drop in the coming months, a rate cut is unlikely before November or early 2025. Federal Reserve Chair Powell speaks at an event in Amsterdam later today and the markets will be looking for hints regarding a rate cut. The Fed has delayed plans to cut rates as the US economy remains resilient and inflation has unexpectedly accelerated. The US releases April inflation data this week and a drop in inflation would increase the likelihood of a rate cut in September. The US releases PPI is expected to remain unchanged at 2.4% in April while CPI is projected to ease to 3.6%, down from 3.8% in April. AUD/USD tested support at 0.6602 earlier. Below, there is support at 0.6559 0.6645 and 0.6688 are the next resistance linesby OANDA1
AUDUSD👉Awaiting US CPI dataAUDUSD👉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 bullish wave. If this breakout happens we may see AUDUSD rising further up to 0.6840. On the other hand, the market focus for this week will be on the US CPI data on Wednesday, MAY 15. This will be the catalyst for AUDUSD and future price direction for May 2024 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️by KlejdiCuni5518
AUDUSD. Medium-term and short-term forecastHello traders and investors! I'll share the forecast I made in mid-March. On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205. On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676. I'm awaiting price interaction with the daily targets to update the forecast. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article Longby AlexeyWolfUpdated 5
AUDUSD sliding downAudusd might fall sharp. Keep an eye to secure some profit during nyc session.Shortby The_Pine_CoderUpdated 3
USD Waving The Flag in AU?!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, we've had 2 tests and a False Break of the Support but we are missing a 3rd test of the Falling Resistance! With Price using this Local Support level, I believe we could see that 3rd test of the Resistance!! Now with NZD Low Inflation Expectation Results tonight, we're seeing some strength being put into AUD!! Fundamentally for the rest of the week: AUD- Wage Price Index (Tue) Employment Change, Unemployment Rate (Wed) USD- PPI, Powell Speaks (Tue) CPI, Retail Sales, Empire State Manufacturing Index (Wed) Unemployment Claims (Thur) Longby Novi_FibonacciUpdated 6620
AUDUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran90445
Aud/USD insider informationThe information or advice provided does not take into account all of your goals, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before taking any further action. Stocks, futures, options, spread betting, spread betting and CFD trading, and any other leveraged trading activity involves risk. You shouldn't trade with money you can't afford to lose. Be honest with yourself. Thank you for browsing here. Good luck and lots of money. Just make sure you do it over a period of time and don't try to make millions of dollars in a week or a day. by Thebest-traderUpdated 3
AUDUSD, getting ready for flight to 0.70.AUDUSD is registering huge net buy volume on the weekly data suggesting a shifting trend to the upside long term. Higher lows on weekly histogram and pricing has been created cementing the current range as the new base for the series of price growth. It is now sitting at 61.8 FIB LEVELS -- an area where buyers converge. Expect more upside valuation for the pair in the near term. Spotted at 0.6650 TAYOR Safeguard capital always. Longby JSALUpdated 3324
AUDUSD#AUDUSD - H1 📣 Upon reviewing the 1-hour timeframe, with the breakout of the uptrend at 0.6586, we can be optimistic about a price decline towards the 0.6540 range. ⛔ Stop Loss: 0.6610 On the other hand, with a breakout above the 0.6610 range, we can be optimistic about price growth towards the 0.6670 range. ⛔ Stop Loss: 0.6586by FOREXIRUpdated 4
AUDUSD Will Go Lower! Short! Here is our detailed technical review for AUDUSD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.667. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.666 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
Lingrid | AUDUSD trend CONTINUATION formationThe 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 breached. I expect a pullback to the range zone or triangle pattern, followed by a continuation of the current trend. The daily timeframe shows a bullish long-tailed bar, which suggests that the price will continue to rise. My goal is the resistance zone at 0.67200 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby LingridUpdated 3327
correction It is expected that after some upward swing, the continuation of the downward trend will be formed. If the price crosses the green resistance range, the upward trend is likely to continueShortby STPFOREX1
AUDUSD starting to be bullish long on AUDUSD after seeing a 4hour close to confirm the idea Longby NirvTradesUpdated 889
AUDUSD Sessions reacting to last nights Unemployment numbers USD Strong on CCPV Indicator mt4 Aussey Weak az Main Target about 77 pips Sentiment of Traders Shortby NZ_Shareman226
AUD/USD TRADE IDEA "Hey folks, let's dive into the next trade idea. Looking ahead to next week, I'm seeing some promising signs for AUD/USD. With solid buying pressure at the end of this week and considering the latest news data, it looks like AUD/USD might be gearing up for a bullish run. Plus, with the factors at play, especially with the Fed's stance, I'm anticipating a potential positive impact on the pair. Keep an eye out for updates in the comment section—I'll be sharing all the details there.Longby HVP_87Updated 2
AUDUSD drop sellAUDUSD wait for retest then sell multiple tp perhaps the price drops even lower but this analysis tends not to take risksShortby ForexPrime447Updated 5