We plan to enter a long position on AUD/USD at 0.665, aligning with the 50% Fibonacci retracement level and a previous high, which serves as a robust support zone. As the corrective sequence progresses, entering at this level offers an optimal risk/reward ratio. The bespoke support at 0.665 strengthens our conviction for this trade. Our immediate resistance...
This is what I am looking at right now with AUDUSD. We are at an upward trend right now. My target will be around 0.685 as a Daily Supply Level. Once price has reached that point I will look at a SHORT opportunity within the Daily timeframe. I will be taking a short around 0.685 because there are strong previous Daily supply zones.
Hello, traders here is a setup of AUDUSD as you can see the market has broken the resistance zone that the market has tested multiple times in the past and now I will wait for a pullback and then look for bullish opportunities afterward.
AUDUSD: Structure Analysis - LONG The price broke out from a strong structure zone rising in this way the chances for a bigger bullish move. The economic calendar is empty for today and it can spend some time in correction before the bullish move begins. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like...
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.659. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.648 level. P.S Please,...
AUDUSD 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...
The price perfectly fulfilled my last idea, and it went down to support level and hit the target. FX:AUDUSD has broken through the triangle formation, a classic trend continuation pattern, and it is now making higher highs and higher lows. The market is persistently testing the resistance zone at 0.66500, and I think it's only a matter of time before it's...
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!
Our last trades on this pair was a major success!! We are strategically positioning to buy AUD/USD at 0.666. The medium-term outlook remains bullish, bolstered by a consistent pattern of higher highs and higher lows. Anticipating a minor pullback, we aim to establish long positions at this level, optimizing the risk/reward profile. Our entry at 0.666 is...
With 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...
AUDUSD Analysis & Key Levels for Next week 📊 🔹 Resistance Level's 1. Resistance 1 ( 067440-067270)🔴 Sell Zone 🔴. 2. Resistance 2 (0.67270-066980) 🔴. Strong resistance 🔴 🔹 Support levels: 1. Support 1 ( 0.06380-) : ,Buy Zone 2. 2. Support 2( 0.66210) :📈 Critical support 📈 3 support 3 (0.66040) ⚠️. Deep Support ⚠️ 👉 Trading strategies: *Pullback...
long on AUDUSD after seeing a 4hour close to confirm the idea
AUDUSD is moving in an UPtrend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY...
AUD/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6644 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.6594 Why we like it: There is a pullback support level which lines...
UBS said in a note on May 13: "Historically, May has been a good month for the dollar. Our seasonal indicators show that demand for the dollar typically increases in the belated month of April and peaks in mid-May Mainly for the foreign exchange market overseas, it is also a signal that the market can also hold the dollar for a long time to obtain extremely high...
The AUD/USD currency pair is currently in a favorable buying zone, with the exchange rate sitting at 0.65957. This indicates that it may be a strategic moment for traders to consider purchasing Australian dollars against the US dollar. By setting take-profit levels at 0.66282, 0.66387, and 0.66500, traders can establish clear targets for potential gains. These...
Hey 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.