AUDUSD...SHORTThe price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.65520 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the AUD and USD exchange ratesShortby ForexCSPUpdated 225
audusd retested audusd tested its resistance. From now on, it will move up to 0.67290 resistance. With the breakdown of this resistance, the next target is 0.68600.Longby foxforex32
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
Potential Cypher Pattern on AUDUSDPotential Cypher Pattern on AUDUSD(Longterm) Bullish Flag(Shortterm)Longby leveluprc0
✅AUD_USD WILL KEEP GROWING|LONG🚀 ✅AUD_USD is trading in An uptrend and the pair Already made a rebound from The previously broken Key horizontal level of 0.664 Which is now a support and Is going up now which Reinforces our bullish bias And makes me expect A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx4
AUD/USDFalling Wedge Summary A falling wedge is a bullish chart pattern indicating a potential reversal from a downtrend to an uptrend. Characteristics: Shape**: Two downward-sloping, converging trend lines. Volume**: Decreases during pattern formation. Breakout**: Confirmed when price breaks above the upper trend line, ideally with increased volume. Types: Reversal Falling Wedge**: Occurs after a downtrend, signaling a potential reversal to an uptrend. Continuation Falling Wedge**: Occurs during an uptrend, indicating temporary consolidation before resuming the uptrend. Trading Strategy: Identify the Pattern**: Look for converging trend lines with lower highs and lower lows. Wait for the Breakout**: Enter a trade when the price breaks above the upper trend line. Stop-Loss Placement**: Below the lowest point of the wedge. Target Price**: Measure the height of the wedge and add it to the breakout point. Key Points: Bullish Pattern**: Suggests a potential upward price movement. Confirmation**: Breakout above the upper trend line, preferably with increased volume.Longby B9A-88652-NisarAhmad2
AUD/USD pressured but still looks constructiveWith 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 with .6730 after that. Both momentum and price remain in their respective uptrends, bolstering the bullish caseLongby Forexfalcon01223
AUD/USD pressured but still looks constructiveWith 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 with .6730 after that. Both momentum and price remain in their respective uptrends, bolstering the bullish caseLongby Forexfalcon010
Potential Downward Pressure: AUD/USD Rejects daily ResistanceThe AUD/USD pair has encountered resistance around the 0.66333 price level on the daily timeframe, indicating potential downward pressure. This rejection could signal a movement towards the support level at 0.64857. Traders may monitor this development closely for further price action confirmation.Shortby Joe_bghlmUpdated 8
AUD/USD GOING UP? Based purely on chart analysis and with no fundamental knowledge taken into account, I believe the rest of 2024 looks up for the AUD/USD pair. I believe a previous high of 0.68725 to be retested by end of Oct 2024 and most likely surpassed if this occurs a price level of 0.69809 will be the next target. A fall in price below 0.62794 invalidates this theory.Longby ImagineLimitlessEverything0
Strifor || AUDUSD-16/05/2024Preferred direction: BUY Comment: AUDUSD is also on the buy list. This currency pair is also one of the most promising for short-term buyers. Most likely, growth will begin as much as possible at current prices (scenario №1). Here we have a good local upward trend, towards which we are considering trades. One can also consider going long from the level of 0.66460 , or rather near this level (scenario №2). We fix the growth target at the round level of 0.67500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 336
BULLISH AUDUSD with SMC analysis 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! Longby ItsM7md227
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
AUDUSD sliding downAudusd might fall sharp. Keep an eye to secure some profit during nyc session.Shortby The_Pine_CoderUpdated 3
AUDUSD is switching direction after soft CPIHey 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.Longby JoeChampionUpdated 2211
AUD-USD | 4H | TECHNICAL CHARTHello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck Longby TraderTilkiUpdated 2
AUDUSD: Bullish Outlook ExplainedAUDUSD 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 start. To consider buying, look for a confluence zone that includes a rising trend line and a broken resistance level.Longby linofx12212
AUDUSD- Bearish trendAfter reaching the target of Harmoic butterfly pattern shared already the pair took reversal from the exact level and for bearish divergence. Entry can be taken break of HL for short posiiton.Shortby kiki_crypto1
Market Analysis: AUD/USD Set Sights on Additional UpsideMarket Analysis: AUD/USD Set Sights on Additional Upside AUD/USD started a decent increase above the 0.6655 resistance. Important Takeaways for AUD/USD Analysis Today The Aussie Dollar found support at 0.6585 and recovered higher against the US Dollar. There is a major bullish trend line forming with support at 0.6670 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair formed a base above 0.6585. The Aussie Dollar started a decent increase above the 0.6630 resistance against the US Dollar, as mentioned in the previous analysis. The bulls pushed the pair above the 0.6655 resistance zone. There was a close above the 0.6685 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6715 zone. A high was formed at 0.6714 before the pair corrected gains. It tested the 0.6655 zone and is currently consolidating gains. There was a fresh increase above the 23.6% Fib retracement level of the downward move from the 0.6714 swing high to the 0.6654 low. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near the 50% Fib retracement level of the downward move from the 0.6714 swing high to the 0.6654 low at 0.6685. The first major resistance might be 0.6715. An upside break above the 0.6715 resistance might send the pair further higher. The next major resistance is near the 0.6750 level. Any more gains could clear the path for a move toward the 0.6800 resistance zone. If not, the pair might correct lower. Immediate support is near a major bullish trend line at 0.6670. The next support could be 0.6655. If there is a downside break below the 0.6655 support, the pair could extend its decline toward the 0.6630 zone. Any more losses might signal a move toward 0.6585. 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.by FXOpen228
AUDUSD can reverse from these levels--------------AUDUSD OBSERVATION-------------- This is just an observation or more precisely said guesstimate. I wouldn't go long on this pair at the moment and still think USD has more upside potential. However it could be a scenario just for fun. So I share it to see what do YOU think of the possibility of such reversal.Longby SzuperpotykaUpdated 10
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
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