June 15, 2021

AUD- Hottest Market Moves

Frank Cabibi

6/15/2021

Buck pairs are moving hard this morning ahead of Australian employment numbers and after the US reports bad retail sales. A recent shift in sentiment in the forex market might have switched over to risk-off. European and Aussie currencies move hard ahead of US fed statements.

EUR/AUD

EURAUD 4H

EA up .4% on the day as Aussie is now turning bearish against the euro on the 4H. Bottoming support is at 1.56700s could be a good level to bounce from if price were to return. But, a higher high that formed could be a good sign for bulls on this pair, especially if USD starts dropping again (AUD will probably drop too).

AUD/USD

AUDUSD 4H

AU falls to support under 0.76743 and is showing some rejection from the lows which could be bullish potential. A falling trend line on the 4H timeframe could be a significant resistance level. Looks like a possible retest on the trendline will happen en lieu of FOMC.

AUD/CHF

AUDCHF 4H

ACHF is the biggest mover of the day down 0.59% as the Swiss Franc is gaining demand on cautious investors. Hitting the bottom trendline seems likely which also could result in a potential break under support.

A1 Edgefinder

Watchlist
Save time looking for setups with the EdgeFinder's watchlist! In a glance, see the EdgeFinder's current top buys and top sells.

Discount code: 'READER'

Access Now

Free

Trading Plan Template
Struggling to build a successful trading plan? Download our template to get started today!
Download
Can The Dollar Break This Pivotal Level?

The dollar flew higher last week as a result of resilient economic news along with a higher PCE than expected. Now the DXY has reached a decision point in price action. This week's NFP will help determine the sentiment around the potential June rate hike. Here is what we are looking at: EdgeFinder Analysis USDCAD […]

Read More
Dovish Banks Could Crash These Currencies

Considerably dovish news from central banks in the US and New Zealand has caused a major stir in the markets. Governor Orr and Vice Chairman Powell both released some reassuring news for the economy in the long term. But what does this mean for USD and NZD? EdgeFinder Analysis GBPNZD is a pair that should […]

Read More
Kiwi In Need of Another Rate Hike

As we trade into a broad news week covering the economic status of multiple countries, there are several scenarios we should consider. Although it is impossible to predict the future, we can at least prepare for the news events set to come this week for kiwi, dollar and the pound. EdgeFinder Analysis GBPJPY still maintains […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptop-phonemenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram