Author Topic: AUD/USD Analysis from ForexMart  (Read 7827 times)

Offline Andrea ForexMart

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AUD/USD Technical Analysis: August 1, 2016
« Reply #15 on: August 01, 2016, 05:36:23 PM »
   The AUD/USD pair went significantly higher last Friday after the disappointment caused by the stimulus measurements of the Bank of Japan and the weak US GDP report. This increase was further augmented by the inflation data of the Australian market and the neutrality of the Federal Reserve monetary policy statement.

   This coming Tuesday, investors are anticipating the rate statement of the Australian Reserve Bank, where a lot of investors believe that the central bank will decrease its benchmark interest rate 25-basis points from 1.75% to possibly up to 1.50%. The main trend went down after the Federal Reserveís statement caused a volatile reaction. However, should there be a trade at .7675, the main trend may change according to the daily swing chart.

   Fridayís close indicated a strong buying, after the testing of the retracement zone of .7490 to .7571 which has been tested all throughout the month of July, with its major range at .7834 to .7145. The retracement zone is now in control of the marketís long-term direction.



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AUD/USD Technical Analysis: August 1, 2016
« Reply #15 on: August 01, 2016, 05:36:23 PM »

Offline Andrea ForexMart

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AUD/USD Technical Analysis: August 10, 2016
« Reply #16 on: August 10, 2016, 06:35:47 PM »
The National Australia Bank indicated a downward direction in Business Conditions. Aside from it, the financial markets sustained under pressured condition just as when oil prices had a markdown.

AUD/USD established a positive result on Tuesday since the movement of the financial instrument progressed upward near its upper limit. The resistance stands at 0.7700, the support can be seen at 0.7600.

As expected, the MACD is situated in the positive zone. MACD histogram ascended and determined the strength in the buyers. The RSI arrived in the overbought condition.

The price of the pair oscillates in the 1-hour chart with 50-EMA. Its 50,100 and 200 day EMAs remained to upsurge, therefore all EMAS are in a higher position.

AUD/USD is expected to have a short-term recovery close to 50-EMA or 0.7600 level whereby the pair is overbought and the currency price is going to have a growth and increase in the investment price.



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Technical Analysis for AUD/USD: August 17, 2016
« Reply #17 on: August 17, 2016, 06:34:10 PM »
   The AUD/USD pair closed down Tuesdayís session on a slightly higher level, after the trading range widened following tradersí reactions to several financial events. The AUD was previously subject to pressure after a statement from RBA can possibly mean that the Reserve Bank of Australia might be considering another interest rate cut. However, the USD went down following dovish comments from Fed, increasing the overall value of the Aussie.

   Investors are now awaiting the release of the Wage Price Index, and economists are expecting the quarterly report to be at 0.5%. However, union members are expecting a weaker range for the Wage Price Index, which can lead to volatility after its release. The Fed will also be releasing its July meeting minutes and traders will be anticipating the next scheduled rate cut.

   The daily swing chart is showing a generally upward trend, although momentum has a possibility of going downward. Based on the pairís current pricing at .7690, the AUD/USD pairís direction will likely be determined by the reaction of traders to the .7695 short-term pivot. An increase in selling pressure is possible should there be a downward bias on a sustained move under .7635, while an upward bias will develop if there is a sustained move over .7755.



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AUD/USD Technical Analysis: August 22, 2016
« Reply #18 on: August 22, 2016, 06:33:47 PM »
The AUD/USD is trading flat while the Aussie dollar bounced off the 3-month trend line support. The USD appeared to be bearish with an evening star candlestick pattern against the AUD which ventured a downside risk.

Price during the month of May tested the rising peak of the support while limiting the downside risk. The support is seen at 0.75787 which measured the July 27 result of 0.7421 low. Preferably, a change occurred over the prevailing trend on August 11 at 0.7756 high and makes it easier to oppose the August 11 result at 0.7760 top.



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AUD/USD Technical Analysis: September 6, 2016
« Reply #19 on: September 06, 2016, 05:40:52 PM »
In consonance with the report of the Australia Company Gross Operating Profits the Aussie demonstrated a good growth. The pair continued to flourish during the first day of the week. The buyers are able to drive the price level to 0.7600 as it became the turning point of the pair which marginally lose edge.

Moving averages keep on the neutral position as presented in the 4-hour chart. Resistance is seen at 0.7600, support is at 0.7540.

MACD lies near through the centerline. So in case that the histogram indicated a negative position the seller's strength will bolster but if it pierced within the positive territory, it will allow the buyers to rule the market. The RSI comes in at the overbought territory.



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Technical Analysis for AUD/USD: October 3, 2016
« Reply #20 on: October 03, 2016, 06:25:24 PM »

   The AUD/ USD pair closed the last trading session in the higher trading range but was still unable to go beyond the 0.7700 range, with selling interest rates going stronger as compared to last week. The currency pair has now settled between the 0.7450 - 0.7700 trading range. The pair temporarily fell below 0.7600 last Friday but was able to recover almost immediately due to Fibonacci support.

   The volume of the Asian trading session for this week is expected to be somewhat limited due to Chinaís golden week. The daily charts are still exhibiting an upward trend, with prices still above the 20 SMA. Momentum levels are now consolidated above the 100 level and RSI indicators are seen to go beyond 56.

   The 4-hour chart now has a limited upward trend, especially since prices are having difficulty exceeding above the 20 SMA. On the other hand, other technical indicators are losing their momentum and is expected to go south. Mondayís session might be marked by a slight downward extension at the 0.7600 level.



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AUD/USD Technical Analysis: October 11, 2016
« Reply #21 on: October 11, 2016, 06:44:31 PM »

   The AUD/USD pairís 50-MA level for the recent trading session reached the 0.7608 trading range, with trades now at 0.7590 in spite of the widening of the 10-year yield spread for AU-US. High yielders further reaped benefits during the second quarter of yields in the international market. The 10-year yields for Australia increased by 7 bps while the 10-year US yields increased by 3 bps.

   Analysts are stating these higher yields could have negative impacts on all aspects of the risk spectrum since this could lead to a drop in high-yielding currencies such as the NZD.

   Should the AUD/USD recover, then the bid tone recovery could go up into the resistance level of 0.7608 for the 50-DMA and could possibly go further up to 0.7626 for the 10-DMA. However, if the previous support levels of 0.7580 would be reached by the pair, then this could lead to a possible drop to 0.7553, with sell-offs further extending to 0.7526 which is the 100-DMA level for the GBP/USD pair.



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AUD/USD Technical Analysis: October 19. 2016
« Reply #22 on: October 19, 2016, 06:43:52 PM »

   The AUD/USD pair was able to maintain its hold on the upper range of the 0.76 handle after AUD bulls were unimpressed with the expectations coming from the impending release of the Chinese GDP data. The currency pair is now trading at 0.7672 points after increasing by +0.07%. The AUD streamlined its gains after consecutive macro releases from China, which caused an uncertain outlook for the Chinese economy and curbed a possible catalyst for the AUD, especially since China is one of Australiaís main export destinations.

   In spite of this, the AUD/USD has still managed to maintain its current bids after sentiment levels remain supported by recent oil prices. The positive data from the Australian Westpac Index also improved support for the AUD in spite of the weakness exhibited by the USD. After the release of the Chinese GDP data, investors are now waiting for the releases of the US housing data, as well as inventory reports on the EIA crude oil, which will be released during the New York session.

   The resistance levels for the AUD/USD is currently at 0.7693, and gains could further extend to 0.7707 and 0.7750. On the other hand, support levels for the pair is currently located at the 0.7637 range for the 5-DMA. If selling pressure for the pair manages to increase, then the pair would drop further to 0.7576 for the 100-DMA and 0.7511 at the 200-DMA.



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AUD/USD Technical Analysis: November 22, 2016
« Reply #23 on: November 23, 2016, 04:35:37 PM »


The Aussie continues its decline from 0.7778 level as is expected to stayed with the 0.7310 level to 0.7460 level in the following days. However, the climb from 0.7310 level is a form of consolidation. If the resistance level remains strong, the decline will persist and could even go lower at 0.7200 mark. The decline is supported when a break is seen at its Physiological levels.





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AUD/USD Technical Analysis: November 28, 2016
« Reply #24 on: November 29, 2016, 10:36:56 AM »
Base metals, ore, in particular, presented a positive outlook on Friday which supported the Aussie to strengthen. The AUDUSD were able to expand its short-term upward trajectory and made a higher high on the same day.


The AUD entered the 0.7450 level but suddenly fell flat to reclaim it. The pair tested the level, moved lower and stayed within the 0.7450 region ahead of the opening of NY session. Both Aussie and greens made a reversal from its daily high and rebounded to the area of 0.7400 amid the North American trading session.


According to in the 4-hour chart, the pair broke the bearish 50-EMA whereas the indicatorís growth appears to be sluggish. Moving averages (50, 100 and 200 EMAs) expanded its declines as shown in the same time chart. Current resistance can be found at 0.7450, support pierced the 0.7400 region. MACD arrived in the positive zone. RSI accelerated touching the overbought territory.


There is a possibility for the pair to continue an upward trajectory near the 0.7500 when it breaks the level on top of the 0.7450. Should the pair stayed down from the 0.450, the price will edged lower and reverse its gains. In light of this, sellers were able to push the price towards 0.7350 and 0.7300.

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AUD/USD Technical Analysis: December 23, 2016
« Reply #25 on: December 23, 2016, 05:21:44 PM »

The consecutive events regarding the economic growth of US together with the fiscal policy issued by Trump and hawkish outlook of the Fed for 2017 set the minds of the investors to avert from higher-yielding currencies including the Aussie dollar.

The market carried a bearish sentiment on Thursday. The AUD/USD pair further decline after the 2-day narrow consolidation. The sellers pushed the AUD towards 0.7200 from the previous 0.7250 region in the EU hours. Moreover, sellers failed to surpass the 0.7200 mark which caused them to take a pause. After the price touched the aforesaid levels, it made a roll back.

As shown in the 1-hour chart, the Australian dollar bounce back through the 50-EMA and resumed a downward trend. The moving averages maintained a bearish pattern as indicated in the same timeframe. Resistance is at 0.7250, the support holds the 0.7200 handle.

MACD grew less which means further strengthening for the sellers. RSI still was seen in the oversold territory and supported another downtrend.

Technical indicators exhibit a bearish tone. It is highly expected for a downward movement within the 0.7100 and 0.7150 levels.

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AUD/USD Technical Analysis: January 11, 2017
« Reply #26 on: January 12, 2017, 07:05:12 PM »

The Aussie presented a sluggish stance yesterday as the Retail sales data showed negative results. The pessimistic input for the Chinese CPI had affected the currency as well.
Moreover, an attempt to surpass the 0.7350 level were unsuccessful.

Buyers advanced to 0.7385 where AUD/USD found some fresh offers and declined to 0.7350. Having tested the aforesaid level, sellers resumed its struggle to push the price downwards.

During the morning trades, the price tested 200-EMA as indicated in the 4-hour chart. It further stalls the bullís movement to continue forward as it acted as the spotís resistance.

The 200 and 100-EMAs are neutral while 50-EMA edged higher as mentioned in the same timeframe. Resistance holds 0.7400 level, support is seen at 0.7350 region .
 
MACD indicator dwindled and implied weak position against the buyers. RSI consolidated around the undervalued readings.

As the forecast says, bearish bias kept prevailing in the market. In the most probable scenario, if the price focus below the 0.7350 support level the short-term downtrend could possibly continue. The next target of the sellers are marks 0.7250 and 0.7300.

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Re: AUD/USD Analysis from ForexMart
« Reply #27 on: January 19, 2017, 05:38:15 PM »
AUD/USD Technical Analysis: January 19, 2017

The Australian Dollar presented some optimism compared with its U.S peer that receives support from the dynamic pricing of oil. The awaited data from the labour market is deemed to support the Aussie at the same time.

The tone of the market remains to be positive. The AUD/USD is confined on its 2-week highs near the 0.7550 level. The price hovered around a very tight range and tends to go into a lower position. The 4-hour chart showed the spot stick on top of the moving averages. The 100 and 50-EMAs preserved its bullish tone while 200-EMA is flat. Resistance hit 0.7550 mark, support is found at 0.7500 range.

MACD lied in the same level which confirmed buyerís strength once again. The RSI is currently on the consolidation period and entered the overvalued zone.

Forecasts mentioned for a further short-term downward correction. In case the closing trades are set under 0.7750, the price will impose a sell signal. The possible target of the bears is 0.7500.

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Re: AUD/USD Analysis from ForexMart
« Reply #28 on: February 16, 2017, 06:32:11 PM »
AUD/USD Technical Analysis: February 16, 2017

The Australian dollar against the U.S. dollar declined on Wednesday's trading session but was able to recover after a break out reaching a new high. It broke higher than the 0.7695 Resistance level and proceed with the upward momentum after lows at 0.7159 level. It is expected for the price to go higher in the next trading sessions towards the next target at 0.7800 zone. The key support is found at 0.7605 level and a break lower than the said level would complete the uptrend of the pair.

The market could try to move towards the 0.7750 level that is found to be a resistance level for the long-term charts. Short term reversals are eminent to be become buying opportunities to be forward implying a purchase after decline may not be favorable for short-term charts. Most likely, the 0.76 level will continue to be a strong psychological level in the market.

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Re: AUD/USD Analysis from ForexMart
« Reply #29 on: February 28, 2017, 02:17:23 PM »
AUD/USD Technical Analysis: February 27, 2017

The Australian currency declined following the announcement made  by the RBA Governor, Philip Lowe confirming that the Central Bank will not approve for an interest rate hike in the near future. Regardless of the positive trend in general, bulls were unable to climb higher.

Having posted its recent highs within the 0.7739 region, the price weakened and turned back towards 0.7700 where sustained a consolidated position throughout the night trades.
The increasing demand for the US dollar caused the Aussie to break under 0.7700 driving the AUD to 0.7650.

The 50-EMA was being tested by the price as indicated in the 4-hour chart. The 50, 100 and 200 moving averages moved upwards. Resistance is shown at 0.7700, support is found at 0.7650. MACD decreased indicating a sell signal. The RSI appeared to be neutral.

The AUDUSD pair is required to beef up and take a grasp into the 0.7700 level as a means of strength recovery. The recent weakness is regarded as corrective. There is a chance to buy the dips.

A break under 0.7650 will ease the movement of the upward pressure. A move on the underside of 0.7550 will neutralize the buying pressure and open possibility for further weakening.