U.S. Dollar / Australian Dollar

SAXO

USDAUD

A-willmott

We can see some nice structure formed on the 1H TF, currently rejecting my support zone, and structure line, also at the bottom of the RSI - potential retest and long position upcoming.

UnknownUnicorn4180249

Short position, entered this trade once ema's had crosssed over looking to profit from the right shoulder forming towards the support level .

F1_trades

currently hit the 6.1 fib zone, potential entry for short is looking nice.

F1_trades

SHORT

UnknownUnicorn6419166

MY OVERVIEW ON THIS FX PAIR, THE MARKET WILL CONTINUE THE TREND DOWNWARDS, price has not been able to break out of the resistance zone and also a Doji candlestick indicates the bulls have finished their run. I have added how I think the trend will continue in the example shown in the chart. please add your opinions below and tell me what you think.

F1_trades

SHORT

PipsOfPersia

Simple 12H analysis on the USD Weighted Index (not DXY) Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline. I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly...

HelenRush

After quite a volatile Thursday, the overnight trade was calm and almost uneventful. The Retail Sales data set the Aussie up: the sales did not grow at all in September after having fallen by 0.6% in August. AUD/USD slid below the 0.77 area and touched the lows at 0.7669. This was a bearish sign which may lead to the consolidation in the current range 0.7670/40 at...

HelenRush

The Aussie marked the fourth day of falling. Actually, that is what usually happens when the CPI Index of a country falls instead of growing. Especially if the data comes far below central bank’s expectations of 2-3%. In fact, AUD/USD has been losing its positions since September. But the traders think there is still a good chance of a rate hike from RBA taking...

HelenRush

All the majors entered their consolidation ranges today ahead of the NFP report except AUD/USD. In spite of the fact the dollar is not in its best shape, AUD/USD is inching south. The Aussie has been under pressure ever since the Asian session, when Australia published the retail sales report with highly disappointing results. Sales fell 0.6% to 2.1% m/m. Here we...

HelenRush

The moves of AUDUSD this morning are indicative. The Reserve Bank of Australia monetary meeting confirmed the regulator is not happy with the recent sharp rise of AUD. Moreover, the central bank claimed rising aussie would lead to slower economic growth. However, the pair tried to move higher on the comments touching 0.7958 this morning. The market expected from...

HelenRush

AUDUSD has gained 150 pips during a couple of days. But what war the trigger, and is it really the start of a new rally? It’s always worth watching the market sentiment, and its reaction to economic events. If an indicator came out above expectations, and the currency was not able to show a strong appreciation, it’s the sign of a looming retreat. Today we saw...

HelenRush

AUDUSD has neared strong technical support at 0.79, and the speed at which the pair breaks it through will determine the speed of further AUD depreciation. We need to remember that Australian economy is very sensitive to local currency appreciation, as it hurts trade and tourism activity due to more expensive goods and services. Given China is one of the key trade...

HelenRush

Last week AUDUSD reached 1.8065, not seen since May, 2015. But the very same day it started to fall. Is it the start of bearish trend, or just a correction before another jump higher? This week we have all the chances to understand the right direction. Till the last moment Australian dollar ignored any negative factors both from economy and the Reserve Bank of...

HelenRush

AUDUSD got stuck around strong resistance 0.7980 failing to break it through during the last 5 days. This may signal the start of a bullish trend reversal. The only barrier on its way is USD weakness. Today, Australian Dollar came under pressure of two factors – weaker than expected CPI and dovish comments of the RBA’s Lowe. Wehavealreadytalkedaboutitrecently....