USDAUD trade ideas
AUDUSD H4 | Bearish DropBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6279, which is an overlap resistance.
Our take profit will be at 0.6177, an overlap support level.
The stop loss will be placed at 0.6340, which is a pullback resistance level.
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AUDUSD POSSIBLE SELL?Overall direction is to the downside based on Monthly and Weekly perspective.
The market is currently testing the current Weekly Daily area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could seeSELLERS coming in strong should the current level hold.
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Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
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Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Australia dollar eyes confidence dataThe Australian dollar has started the week with gains. In the North American session, AUD/USD is trading at 0.6275, up 0.60% on the day.
Australia releases business and consumer confidence on Tuesday, with the markets expecting some improvement. Westpac Consumer Sentiment is expected to rebound and gain 0.4% in February after a 0.7% decline in January. The National Australian Bank business confidence index is projected to improve to zero in January, after a -2 reading in December.
China's inflation was a mix, as consumer inflation rose to a five-month high while producer inflation continued to decline. CPI jumped 0.5% y/y in January, up from 0.1% in December and above the market estimate of 0.4%. This was the highest level since August. Monthly CPI rose 0.7%, up sharply from zero in December and an 11-month high, but shy of the market estimate of 0.8%
The producer price index fell 2.3% y/y in January unchanged from December and deeper than the market estimate of 2.1%. This points to deflation which is likely to worsen if the trade war between the US and China continues. On Monday, China's retaliatory tariffs kicked in after the US hit China with tariffs last week.
US nonfarm payrolls decelerate, unemployment falls
US nonfarm payrolls eased to 143 thousand in January, shy of the market estimate of 175 thousand. Still, there weres signs of strength in the labor market - nonfarm payrolls were revised by 100 thousand in the previous two months and the unemployment rate ticked lower to 4% from 4.1%, below the market estimate of 4.1%.
Average hourly earnings rose 0.5%, up from 0.3% in December and above the market estimate of 0.5%. Annually, average hourly earnings rose 4.1%, unchanged from the revised December reading and above the market estimate of 3.8%. The generally positive employment report supports the case for the Federal Reserve continuing to hold rates, possibly until the third quarter. Just a few months ago, it appeared that the Fed would stay aggressive and continue lowering rates into 2025, but with the economy purring along we might see only one or two rate cuts this year.
There is resistance at 0.6351 and 0.6430
There is support at 0.6220 and 0.6141
AUD/USD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE, ZONE DO NOT ENTER
Stop lost before pattern
R/R 1/3
Trade in 5 Min Timeframe, use signal for scalping
AUDUSD - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on AUD/USD with you.
Based on the AUD/USD chart, if the price closes above 0.62835 in the daily timeframe, I expect it to move toward 0.63362 as the first target and 0.64334 as the second target.
However, if the price closes below 0.62835 in the daily timeframe, I expect further downward movement.
📉 Expectation:
Bullish Scenario: Daily close above 0.62835, targeting 0.63362 and 0.64334.
Bearish Scenario: Daily close below 0.62835, signaling further decline.
💡 Key Levels to Watch:
Resistance: 0.62835, 0.63362, 0.64334
Support: Watch price action below 0.62835
💬 What’s your outlook on AUD/USD? Share your thoughts in the comments below!
Trade safe
AUD/USD Breakout Watch: Bullish Continuation or False Alarm?The AUD/USD pair is trading in a consolidation zone after breaking above a key descending trendline, signaling bullish momentum.
The price has retested the breakout level, turning resistance into support, strengthening the outlook. With the RSI at 51.32, holding above 0.6200 could push the price toward 0.6400, with a target near 0.6700.
A drop below this level may trigger a pullback.
Market Analysis: AUD/USD Rebound: Signs of Trend Shift?Market Analysis: AUD/USD Rebound: Signs of Trend Shift?
AUD/USD started a decent increase above the 0.6200 and 0.6240 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rebounded after forming a base above the 0.6100 level against the US Dollar.
- There was a break below a connecting bullish trend line with support at 0.6255 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 0.6090 support. The Aussie Dollar was able to clear the 0.6170 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6240 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6300 zone. A high was formed near 0.6301 and the pair recently saw a minor pullback.
There was a move below the 0.6300 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high. Besides, there was a break below a connecting bullish trend line with support at 0.6255.
On the downside, initial support is near the 0.6240 level. The next major support is near the 0.6195 zone or the 50% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high.
If there is a downside break below the 0.6195 support, the pair could extend its decline toward the 0.6170 level. Any more losses might signal a move toward 0.6090.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6270. The first major resistance might be 0.6300. An upside break above the 0.6300 resistance might send the pair further higher.
The next major resistance is near the 0.6335 level. Any more gains could clear the path for a move toward the 0.6380 resistance zone.
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