AUD/USD

please climb the ladder

You may be right, and if it can hold any pullbacks above the previous swing high, a longer-term uptrend is most likely still intact. The recent hawkish RBA pivot could even encourage buyers to step in at the current levels around 0.75, since it was consolidating in this region prior to spiking earlier in this week.

However, the Fed's increased hawkishness of late means US yields need to be carefully monitored, as USD strength as well as commodity prices declining on concerns about Covid cases in China, will put pressure on the Aussie Dollar and potentially put AUD/USD at risk for a deeper pullback towards its 200-day MA.

All trading carries risk, but it is shaping up to be an interesting pair to watch as traders assess tightening plans from both central banks.

Wait! Locked 100pips

Good run.

Wait ,uj, u/rub (no trade, just watch) ,ej,
ucad missed ...

Good job, what is your strategii?

waiting for it to test 0.746

hello

possible that 0.746 is the bottom today

Crikey, talk about pre-election jitters.

tp hit, touched Daily 20 ema

https://www.forexfactory.com/thread/...4#post13956604

Some hints of a big drop

To be honest the source of movement from extreme W1 is tempting to hold sell till 0.738 (see prior W1 candle).
However since we are in extreme support H4, and H4 still bull, the best area to hold sell is H4 extreme resistance.
Any extreme resistance H1 could be taken only with extra care that bull H4 can kick in.

still no sign of support.. anyone else getting some signals?

From a technical standpoint, the next major level of support appears to be at the 200-day MA, which is currently also near the key psychological level of 0.7300. If this pair can put in low around this level, it would signal that a longer-term uptrend is mostly likely still intact, while a break below could open the possibility of a deeper pullback.

This will probably be highly dependent on where US yields move from here, and how the COVID situation in China develops, as these will play a key role in determining USD and AUD strength respectively.

All trading carries risk, and Tuesday's US CPI data could cause elevated market volatility this week, so it will be important carefully monitor the situation.

I think we are going back to 0.755 soon

Aussie looks bearish off resistance

I'm quite new trading this pair. But looking at the level it rejected at .7490, PA so far today till now after news from RBNZ was out, and last weeks' COT report, we should head below .74 today.

Personally, I am heavily short since yesterday all the way from the top at .74902.