After breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries.
AUDUSD is now moving in a narrow range.
The asset is likely to try to return to the channel once again and then go down to retest the support.
We expect a bearish move.
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AUDUSD recently made a double bottom support level and broke and closed below it.
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
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AUD/USD moves higher to 0.6550 as the US Dollar falls on the Fed’s confidence in inflation, declining to the 2% target. The Fed remains stuck with projections of three rate cuts in 2024. Investors await the Australian monthly CPI data for fresh guidance.
Dollar constant with PCE inflation and Fed remarks in focus
The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month.
Still, investors stay closely biased in opposition to the greenback in advance...
Daily - Looks bearish. I will look for shorts after price holds below **0.65070**.
Origin - looks bearish. need to break **0.65091** for me to look for entry.
daily and origin both are in sync in terms of zone I need to look out for. so as it breaks, I will look to enter short
HELLO FRIENDS
As I can see this pair is now testing a strong support zone and it can move upside from this area and if we see its also creating a harmonic pattern Wyckoff, we have a very low risk and higher reward entry here its just a trade idea share Ur thoughts with us.
StayTuned for more updates
📉 AUD/USD Review 📉
AUD/USD has shown a notable shift towards the sell side, indicating a clear imbalance favoring sellers. Multiple bearish signals have emerged, especially noticeable in lower time frames.
🔍 **Analysis**:
In recent sessions, AUD/USD has exhibited significant downward momentum, with price action consistently favoring the sell side. Lower time...
Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect bullish continuation after price filled the imbalance and rejected from trendline + support zone. This move is supported by weak USD after news.
Fundamental news: Tomorrow we will see results of...
AUDUSD, currently trading at the perfect area to take a swing buy entry, we already have two entries which are currently active. This can be a third entry, which is available to take right now with 100 pips stop loss and 700-800 pips as in take profit. Waiting for price to be extreme bullish in soon time.
Trade safe!
AUD/USD is extending losses toward 0.6500 in early Europe on Tuesday. The Aussie Dollar remains offered after the RBA held policy rate. Markets digest the less hawkish policy statement while Governor Bullock's words add to the Aussie's downside.
AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may...
Daily - looks touch uncertain. if the COT and DXY weakness is taken into consideration, AU should resume bullish trend. if that is to happen, I will wait today and see how AU closes today.
Origin - if AU continues it's leg down, I will look for price to get absorbed in the zone - 0.65327 - 0.65090 and take it up to the zone 0.65714 - 0.65955. clear bullish bias...
AUDUSD is near the major support level on the 4-hourly chart.
Price action is decelerating while approaching the support level and 141.4% fibo extension level.
There's a high chance that price bounces off the support if price creates a false break.
We expect a bullish move following the completion of the AB=CD.
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The dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering...
I'll take my chance if price falls to my sweet spot area to long below 0.6590
final target would be above 0.680 . first tp should be around 0.669 . and i will follow trough a partial exit plan
the very crowded price zone from 0.6730 to 0.6770 would be easily covered by the way
hello guys ,
today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup
on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer.
it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h...
In the AUD/USD 4-hour timeframe, a bullish trend appears imminent following a falling wedge breakout after completing its 5th wave. Currently, the pattern seems to conform to an ABC correction, with the last impulse correction nearing 78% completion. A breakout confirmation from the bullish flag pattern suggests a favorable entry point for traders anticipating...
