AUD/USD 4H Forecast: Targeting 0.63840 Amid RBA & Geopolitical R
AUD/USD 4H Timeframe Analysis
Trend:
The price is currently in a downtrend and has broken through the key support level at 0.63900.
Price Action Expectation:
We expect the price to move upwards towards our liquidity zone, which could trigger stop losses from sellers. After this upward movement, we anticipate a reversal, breaking through a minor key support zone, ultimately reaching our Sell Stop order at 0.63840.
Trade Setup:
Sell Stop Order: Positioned at 0.63840, targeting further downside movement.
Stop Loss: Placed above the liquidity zone at 0.64220.
Take Profit (TP): Set below the next key support level at 0.62700.
Fundamental Outlook:
The Aussie Dollar (AUD) remains under pressure ahead of the RBA decision. The probability of an RBA rate cut in February has increased, though markets are not fully pricing in a cut until May.
Weak inflation data from China, Australia's largest export market, has added pressure on the Aussie Dollar.
Geopolitical Risks: The potential for punitive tariffs under the incoming Trump administration has caused additional caution among traders, influencing broader market sentiment and adding to the Aussie’s vulnerability.https://www.tradingview.com/x/aD6qJsaX/
Trend:
The price is currently in a downtrend and has broken through the key support level at 0.63900.
Price Action Expectation:
We expect the price to move upwards towards our liquidity zone, which could trigger stop losses from sellers. After this upward movement, we anticipate a reversal, breaking through a minor key support zone, ultimately reaching our Sell Stop order at 0.63840.
Trade Setup:
Sell Stop Order: Positioned at 0.63840, targeting further downside movement.
Stop Loss: Placed above the liquidity zone at 0.64220.
Take Profit (TP): Set below the next key support level at 0.62700.
Fundamental Outlook:
The Aussie Dollar (AUD) remains under pressure ahead of the RBA decision. The probability of an RBA rate cut in February has increased, though markets are not fully pricing in a cut until May.
Weak inflation data from China, Australia's largest export market, has added pressure on the Aussie Dollar.
Geopolitical Risks: The potential for punitive tariffs under the incoming Trump administration has caused additional caution among traders, influencing broader market sentiment and adding to the Aussie’s vulnerability.https://www.tradingview.com/x/aD6qJsaX/
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