AUD/USD

The AUDUSD price continues to move within the previously formed ascending channel on the H4 timeframe. After rebounding from its lower boundary, the upward target could be its upper boundary or the resistance level of 0.7197.

wait a minute

The AUDUSD pair's downward price approached the support level of 0.6867. I'm considering buying from this level with a target of the resistance level of 0.6931.

The AUDUSD price continues to move along the local uptrend line on H1. Meanwhile, the price is approaching the nearest resistance level at 0.6955. If it breaks through and consolidates above it, the next buy target could be the resistance level at 0.7025.

The AUDUSD pair has formed a range on the H1 timeframe. Following a false breakout below its lower boundary, located at the support level of 0.7025, I'm considering buying within this range to its upper boundary, located at the resistance level of 0.7090.

long NZD/USD tonight. Here's the synthesis:
MUFG: NZ Q1 CPI at 3.1% (hotter than 2.9% forecast). RBNZ hike odds for May jumped from 30% to 42% overnight.
SEB: Hormuz has been closed ~2 months. Oil products (diesel, jet fuel, freight, insurance) tighter than paper curve implies. "Quick resolution" mispriced.
The setup: Markets underpricing BOTH sustained Hormuz risk AND RBNZ hawkish path. NZD/USD is the cleaner expression vs AUD because less China-beta noise.
NZD/USD currently: 0.5885-0.5920 Target zone: 0.5980-0.6050 Invalidation: sustained break below 0.5850
Key risk: April 22 ceasefire deadline. Binary event. Trade is better positioned AFTER event resolves if Hormuz stays disrupted.
This is what bank-attributed FX intel looks like. Moderate conviction, specific levels, explicit risk.

#NZDUSD #Forex #MacroTrading

A triangle has formed on H1 for the AUDUSD pair. Therefore, for a sound entry, it's best to wait for a breakout of one of its sides. If the lower side is broken, the support at 0.7084 could be a selling target. If the upper side is broken, the resistance at 0.7197 could be a buying target.

High probability that price falls to 0.71330.

Is there anything more frustrating than watching a stagnant market?
JEKS, I was watching the same triangle but have now adjusted to a channel between .71345 and .71752.
COBBLECOP, I'm looking for it to continue up. It has meandered down to the 200 SMA. It could go lower to the 500 but I don't think so. Its waiting on bombing to resume and expect a RAPID spike up as first bombs drop.
Also. price is sitting on bear side of daily channel.
But its a guessing game for now.
God bless us all.

For the AUDUSD pair, the resistance level of 0.7269 proved quite strong, pushing the price down. The target for this downward pullback could be the support level of 0.7183.

with this spike up, the move may have started

The AUDUSD price broke out of the triangle, breaking through its upper edge. After the breakout, there was a pullback to the broken edge and then a bounce back, indicating bullish sentiment. I'm considering buying, targeting the resistance level at 0.7183.

Nice breakout setup. The retest of the broken trendline adds strength to the bullish bias. I’ll be watching for sustained momentum above the current level before targeting 0.7183.

looks like it's either reacting to USD strength and updated rate hike expectations, or the idea that RBA policy is already restrictive enough. At any rate I think if the RBA May 26th shit isnt too disappointing we should push back toward 0.72, it's holding that level fairly well. I've also got my eye on this shit:
China NBS Manufacturing PMI

With Strong underlying trend on higher timeframes price is consolidating above support-1, after showing multiple bounces from the support zone. Price is forming a bullish setup where, the most recent bounce is followed by the breakout of bearish trendline supported by HH & HL formation, price is approaching its Neckline, breakout above 0.71845 might lead to a swift up-move retesting the resistance above.

Point To notice
The Support 1 is at the 0.618 fib retracement level of the up swing from 13Apr - 6May, and might act as a strong reversal level.

Trade Levels
Entry: 0.71858
SL: 0.71488
TP1: 0.72228
TP2: 0.72715
Strict Risk management should be applied and Position should be sized according to individuals risk appetite.

For Educational Purposes only, Not an Investment Advice

The AUDUSD pair's upward movement has reached the upper boundary of the ascending channel formed on the H4 timeframe. If the local ascending trendline (yellow) is broken downwards, the target after a downward rebound from the upper boundary of this channel could be the support level at 0.7142.

For the AUDUSD pair, my previously planned sell target of 1.7142 was reached, after which there was an upward rebound from this support. I'm considering buying with the target at the upper boundary of the ascending channel.

Short entry. Aiming for a 1:3-4.

SL hit. Some buying pressure still exists.