TAG: AUDUSD
Target Thursdays: UK100 & AUDUSD hit profit target
UK100 soars through profit levels AUDUSD bears bag 30 pips Bonus: Keep on USDInd trading range Chec...
7 months ago
AUDUSD | Analysis Ahead of The AU CPI | Forex
Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow’s Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best to break them down and incorporate price l...
7 months ago
Aussie Slips on Weak CPI Reading
Aussie Under PressureThe Aussie Dollar is back under offer today following weaker-than-forecast inflation data overnight. Australian annualised CPI was seen holding at 3.4% last month, undershooting forecasts for an uptick to 3.5%. Prices have now held at...
6 months ago
Falling to 50% Fibonacci Support
TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.65486 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see...
6 months ago
Aussie Inverse H&S On Watch
Aussie on The UpThe Australian Dollar is tearing higher against USD today as the weakness in the greenback continues to drive movements across FX markets. With traders now leaning into the prospect of a June rate cut USD has been on the backfoot this week...
6 months ago
Forecast for AUD/USD on April 8, 2024
AUD/USDAfter the Australian dollar failed to test the resistance of 0.6627, it returned to the area below the MACD indicator line, and consolidated. In today's Pacific session the price is struggling with the support of the balance indicator line.If it su...
6 months ago
Elevated USD Volatility Risk This Week
USD Volatility RiskWe’re seeing plenty of USD volatility risk this week as traders brace for the latest US inflation readings, due on Wednesday. On Friday, the latest US jobs data once again came in above forecasts, further muddying the waters for those l...
6 months ago
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and the US dollar index
GBP/USDAnalysis:Since July last year, the main direction of price movement in the GBP/USD pair has been determined by a descending wave algorithm. Its structure is developing as a corrective type, resembling a "pennant." The unfinished section started cou...
6 months ago
Approaching Pullback Resistance
TitleApproaching Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6615 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at...
6 months ago
AUDUSD Breakout Trade Still on Watch
Aussie Pushing HigherThe Aussie Dollar continues to push higher today as risk-on trades benefit from a weaker USD ahead of tomorrow’s CPI data. The Aussie has bounced firmly off the .6520 level, boosted by the rally in gold and commodities prices as well...
6 months ago
Forecast for AUD/USD on April 10, 2024
AUD/USDOn Tuesday, the Australian dollar managed to break away from the daily MACD line and was able to rise above the target level of 0.6627. This morning, the price is staying exactly at this level, while the Marlin oscillator is slightly moving downwar...
6 months ago
Approaching pullback resistance
TitleApproaching pullback resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6533 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could se...
6 months ago
Forecast for AUD/USD on April 12, 2024
AUD/USD The Australian dollar rose by 24 pips after the European Central Bank's unconvincing meeting, with its peak reaching the balance indicator line on the daily chart. The price currently remains below the balance line, maintaining market interest in...
6 months ago
Pullback Resistance at 38.2% Fibonacci Retracement
TitlePullback Resistance at 38.2% Fibonacci RetracementTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.6559 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level and potentially reverse from...
6 months ago