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AUDUSD bullish breakout supported at 0.6608The AUDUSD remains in a bullish trend, with recent price action showing signs of a breakout within the broader uptrend. Support Zone: 0.6608 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 0.6608 would confirm ongoing upside momentum, with potential targets at: 0.6680 – initial resistance 0.6705 – psychological and structural level 0.6720 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 0.6608 would weaken the bullish outlook and suggest deeper downside risk toward: 0.6580 – minor support 0.6567 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the AUDUSD holds above 0.6608 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
2
AUDUSD – Can the Winning Streak Continue?AUDUSD has been a star performer in the G10 FX space over the last 2 weeks as it rides the wave of shifting market interest rate expectations for the Reserve Bank of Australia (RBA) and the Federal Reserve moving into early 2026. This has seen it trade from a low of 0.6421 on November 21st up to close the first week of December at 0.6639, a 2-month high and a mere 1% away from its 2025 peak of 0.6710 seen on September 17th. Looking forward, 2 events in the week ahead are likely to stress test these interest rate outlooks of the market and could generate extra volatility for the AUDUSD currency pair moving into Friday’s close. The first event is the RBA interest rate decision which is released tomorrow at 0330 GMT, with the press conference starting at 0430 GMT. The Australian central bank is expected to keep interest rates on hold, so potentially no surprises there, however FX traders may be focused on how hawkish Governor Bullock’s comments are in the press conference, with recent stronger wage growth and spending data seeing the market start to consider a rate hike being the RBA’s next move at some stage in 2026. Then on Wednesday the focus shifts to the interest rate decision from the Federal Reserve which is released at 1900 GMT. They are fully expected to cut interest rates 25bps (0.25%), so if this wasn’t to happen it would be a big shock. If the Fed do cut interest rates, then the next big challenge for traders is to digest the tone of comments made by Chairman Powell in the press conference which starts at 1930 GMT. Traders will be listening to see if he sticks to a more hawkish script, emphasising upside inflation risks in 2026, a potential positive for the US dollar (AUDUSD lower) or now that his term as Chairman is due to end in February, he bows to political pressure and is more dovish, highlighting the possibility for further rate cuts moving forward in order to support a slowing US labour market, a move which could lead to a weaker US dollar (AUDUSD higher). With so much for AUDUSD traders to navigate this week, assessing the technical outlook and identifying some potential support and resistance levels to monitor should prices start to move more aggressively could be useful. Technical Update: Can the 11 Day Winning Streak Continue? The latest activity in AUDUSD has seen a fresh bout of AUD support and outperformance aligning with a period of USD selling pressure. This has resulted in a phase of AUDUSD price strength since the November 21st session low, leading to an advance of more than 3.5%. As the chart below shows, the latest price strength has seen successful closing breaks above resistance at 0.6628 materialise, a level which was equal to the September 24th high. This could be viewed by some as an indication of the strength of buying support for AUDUSD at present and the potential for moves to higher levels in future sessions. However, look at the chart again and you will also notice that since the November 21st low, each session has managed to close above its daily opening price, meaning there have been 11 consecutive ‘green’ or positive daily candles posted, possibly even 12 if the latest candle sees a close on Monday above the day’s opening price. From our analysis of historical data, this is unprecedented within AUDUSD and may introduce a note of caution regarding whether over-extended upside price conditions are evident and if price gains are going to be able to extend further. Just because a currency pair has seen such an extended advance doesn’t guarantee the direction of the next move, be it to the up or the downside. Therefore, a closer focus on identifying support and resistance levels to monitor may be required this week to help gauge the next directional themes for AUDUSD. Potential Resistance Levels: . The latest closing break above the September 24th high at 0.6628 saw a new upside extreme posted on Friday at 0.6649, and having encountered sellers at this level before, they may be found there once more. As such, this 0.6649 peak might prove to be the first resistance focus in the week ahead. If successful closing breaks above the 0.6649 level were to materialise, it is possible the current phase of strength can extend further. This could lead traders to then focus on the September 17th high at 0.6710 as the next resistance point. Potential Support Levels: It remains to be seen if the current 11-day period of positive candles since the November 21st low can continue or not, but if breaks of support levels were to materialise, it might lead to concerns of a phase of price weakness developing. Having seen such a strong rally emerge from Friday’s 0.6605 low, it is possible this could prove to be the first support level to monitor for the coming week. Much will continue to depend on market sentiment and price trends but closes below the 0.6605 support may lead to a phase of price weakness. This could open the possibility to test 0.6562, which is the 38.2% Fibonacci retracement level, possibly even lower. 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by Pepperstone
AUD/USD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! We are going short on the AUD/USD with the target of 0.659 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUDUSD Trend-Continuation Buy Setup – 4H Demand Mitigation Model1. Higher Timeframe Context (Daily & 4H) AUDUSD continues to maintain a strong bullish market structure on the 4H timeframe, consistently forming higher highs and higher lows, indicating clear continuation intent. The current 4H bullish leg remains healthy, with price pulling back in an orderly manner toward a high-probability demand zone. 📌 4H Demand Zone: 0.66230 – 0.66030 This zone represents: The origin of the last impulsive bullish leg A fresh, unmitigated demand A continuation point within the current 4H demand chain Price is now approaching this area, creating an opportunity for a high-quality trend-following long setup. 2. Liquidity & Market Behavior Above current price: Weak 4H high at 0.67012 Trendline liquidity from recent pullback Buy-side above intraday highs These are natural draw-on-liquidity targets once the bullish trend resumes. Below current price: Sell-side liquidity leading directly into the 4H demand Equal lows beneath the mitigation point Resting liquidity that price may sweep before reversing This aligns perfectly with the expectation that price may wick into the zone, sweep liquidity, and then shift bullish. 3. Session Breakdown Asia Session Asia is likely to: Consolidate above demand Create liquidity pockets below intraday lows Avoid major displacement Typical Asia behavior: build liquidity → set up London sweep. London Session London usually introduces the first decisive movement. Expectation: ✔ Sweep Asia lows ✔ Tap the 4H demand (0.66230 – 0.66030) ✔ Deliver a 15M bullish CHoCH as confirmation If London creates the CHoCH with clean bullish displacement, the setup is activated. New York Session NY generally confirms or continues the direction formed in London. NY may: ✔ Respect newly formed 15M higher lows ✔ Deliver continuation structure ✔ Push toward the weak 4H high at 0.67012 NY is where the highest-quality continuation moves usually form. 4. Entry Model (Trend-Continuation Criteria) Since this is a trend trade, your confirmation requirements are clean and strict: You will only take the long if: 1. Price mitigates the 4H demand zone No mitigation = no trade. 2. A clean 15M bullish CHoCH forms inside the zone Requirements: Breaking the previous 15M swing high Strong displacement Reaction directly from demand Weak CHoCH = avoid. 3. Entry occurs after the impulse that creates the CHoCH This ensures true bullish shift. 5. Trade Execution Plan Entry: After confirmed 15M bullish CHoCH inside the 4H demand. Stop-Loss: Below the demand zone at 0.66030 Keeps invalidation clean and structure-based. Take-Profit: Towards the weak 4H high → 0.67012 Logical liquidity target in bullish continuation. Risk Management: Risk: 0.25% (1R) Reward: 4R RRR: 1:4 No partials → full exit at target In a trend-following setup, extended targets are justified. 6. Confluence Factors ✔ 4H structure bullish Trend-following entries have the highest probability. ✔ Price approaching strong 4H demand Perfect zone for continuation. ✔ Resting liquidity below the zone Makes mitigation + sweep highly likely. ✔ Weak 4H high at 0.67012 Clear magnet for bullish continuation. ✔ Clean CHoCH confirmation required LTF alignment ensures precision. 7. Full Summary AUDUSD is bullish on the 4H structure Price is pulling back toward 0.66230–0.66030 demand Expectation: sweep liquidity → mitigate demand → shift bullish Entry only after 15M bullish CHoCH SL below 0.66030 TP at 0.67012 Risk 0.25%, reward 4R Sessions expectation: Asia builds liquidity → London sweeps → NY continues This forms a clean, high-probability trend continuation model. 8. Community Question If price mitigates the 4H demand and forms a 15M bullish CHoCH, would you take the continuation long toward the weak 4H high? Or would you wait for a deeper pullback into a lower demand zone for better pricing?
Long
by tharindu97
1
AUDUSD(20251219)Today's AnalysisMarket News: The European Central Bank (ECB) held rates steady for the fourth consecutive meeting, adopting a more positive outlook on the Eurozone economy. The ECB kept the deposit facility rate unchanged at 2%, in line with market expectations. The main refinancing rate and marginal lending rate remained unchanged at 2.15% and 2.40%, respectively. The euro rose briefly against the dollar. Traders' bets on ECB rates remained stable, with expectations of a 3 basis point rate hike in 2026. The money market now anticipates a greater than 50% chance of an ECB rate hike before March 2027, up from 35% before the ECB's statement. The ECB raised several of its forecasts for Eurozone economic growth and inflation, a move that may close the door on further rate cuts in the near future. Technical Analysis: Today's Buy/Sell Threshold: 0.6610 Support and Resistance Levels: 0.6648 0.6634 0.6625 0.6595 0.6586 0.6572 Trading Strategy: Consider buying if the price breaks above 0.6610, with a first target price of 0.6625. Consider selling if the price breaks below 0.6595, with a first target price of 0.6586.
Long
by FlyingTowardsWealth
AUD/USD breaks the Head and Shoulders formation to the downside; We continue to see your choppy price action. However, the intraday chart shows a breakout of the Head and Shoulders formation to the downside. Reverse trendline resistance is located at 0.6621. We have a point of control at 0.6641. Support is seen at 0.6560. The measured move target for the breakout is at 0.6554. Conclusion: although we have seen mild buying pressure overnight, I would look for rallies to be limited
Short
by IanColeman
Forex thoughts: Wednesday 17 December. A little stumped I must say that I'm currently struggling to have confidence in the near term direction of the currencies. What I 'think' should be happening and what's happening are two different things. I'm surprised by how weak the AUD is, which I can only put down to either 'China concerns,' or 'profit taking'. Given the data and 'relativly dovish' fed speak, I still suggest the USD 'should' be weaker. The S&P remains sour (AI concerns? Profit taking?) but the VIX remains below 20, therefore I can't find the confidence in a 'risk off' trade. All the talk is that the BOJ have multiple rate hikes incoming, yet the JPY is quite weak, even whilst the S&P is under pressure. Once again, the GBP significantly weakened on soft data, only to recover. I would suggest a GBP short 'in the moment news trade' was viable for anyone at the charts at the time of the CPI release. But a quick look at the 'down and up price action' in the hours following, confirms the uncertainty of the times. All the while, the CHF continues to outperform. Maybe I'm missing something, maybe you have a different opinion than me, perhaps you've had confidence in an AUD short trade based on recent data coming out of China. All we can do is form out own opinions and make decisions based on those opinions. Which for me, means waiting to see what the busy upcoming 24 hours offers (NZD CPI, BOE, ECB, US CPI, BOJ)
by johnelfedforexblog
AUDUSD — Counter-Trend ABC Breathing Inside a Bearish HTF WCLPrice is currently trading inside a fresh bearish higher-timeframe WCL , so any upside here is treated as corrective, not a trend flip. Within that context, a clean bullish ABC has formed. B held structurally, displacement followed, and the move left behind a breaker block + FVG , which defines my area of interest. The idea is simple: If price revisits this zone and respects it, the path of least resistance is a continuation of the correction toward the ABC C-target , before deeper HTF supply comes into play. Invalidation is clear. A break below B kills the sequence entirely. This is a location-first setup —not a prediction, not a signal. Always wait for confirmation and trade in alignment with higher-timeframe context. Not financial advice.
Long
by SmellyTaz
Live trade: AUD USD long with explanation It's a 'USD short trade', although NFP was fairly mixed, the higher unemployment number, followed by Hassetts comments suggesting rates can go a lot lower, 'should' weigh on the dollar. I've once again gone with the AUD but you could make a case to long any of the currencies', the CAD in particular has momentum but is sitting at daily support. Arguably JPY short is also an option but the yen could be volatile with the BOJ meeting this week. I've gone with a 20pio stop loss and 25 pip profit target up to 4hr resistance. The risk to the trade is negative market sentiment or 'hawkish FED speak.
Long
by johnelfedforexblog
AUDUSD - Future OutlookHistorical Retrospective: Feb 2012 - mid-Mar 2020: clear technical five-wave impulsive move down. Mid-Mar 2020 - Feb 2021: wave A , a corrective impulsive move. Feb 2021 - present: wave B , a three-wave correction. Expectation: Wave C - a five-wave corrective impulse upward. Targets: From the current level (wave C underway): 0.84 From the end of the impulsive move: 0.80 Summary: We are close to a reversal or have already completed it, with a strong upward move expected next. --- Please subscribe and leave a comment. You’ll get new information faster than anyone else. ---
Long
by NotBoringTrading
Falling towards pullback support?Aussie (AUD/USD) is falling towards the pivot, which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 0.6573 1st Support: 0.6516 1st Resistance: 0.6647 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
its looking straight at BSL. is it really that simple! the internal BSL is taken on 4hr chart and now its looking straight at Major Resistance zone in 0.66800 to 0.67000. if smart money has to travel and collect order this major POI is closer, though it could go and hunt near internal SSL first which is waiting at .66000 to 66300. reversal can be confirmed on STF Price below BSL zone -.66800 to .67000? ↓ BUY pullbacks ↓ Major BSL swept? ↓ WAIT ↓ Rejection + BOS? ↓ SELL but we have to remember the trend line its coming on higher high since 25th November is breached. even if you discount the recent news on USD ratecut which should have a positive impact not otherwise. just posting what i understand looking at charts, if you differ please post so that i can dig deeper.
Long
by Edgewithvijay
AUDUSD bullish sideways consolidation resistance at 0.6608The AUDUSD remains in a bullish trend, with recent price action showing signs of a breakout within the broader uptrend. Support Zone: 0.6608 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 0.6608 would confirm ongoing upside momentum, with potential targets at: 0.6680 – initial resistance 0.6705 – psychological and structural level 0.6720 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 0.6608 would weaken the bullish outlook and suggest deeper downside risk toward: 0.6580 – minor support 0.6567 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the AUDUSD holds above 0.6608 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation