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The situation in AUDUSD is clear. We have medium structural point at 0.7104
this is just the first failure to extend the bullish run last week.
This type of scenario is to lure many buyers in and frustrate the seller.
Key numbers, we are long at the structure 0.7104, we will target the daily range first, 0.7142 and high of Friday next 0.7149.
Above the Friday's ...
Looking for AU to pull back and trigger the buy limit. If the price does not break previous days low we can see the pair rally to the highlighted resistance. Once price has tested the resistance wait for a reversal candle to enter short trade.
Indecision is forming, if the next candles goes above previous high of previous candle could be a good sign a reversal is on.
Several resistance areas.
Pendant trade and if broken 0.745 we will go to 0.75 at least.
On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500.
Price moved largely bullish yesterday breaking back ...
AUDUSD weekly, daily and 4 hourly indicating change of direction for AUDUSD. Suggested entries on chart.
AUDUSD 4hourly chart suggests that the upward move for this pair will continue for now.
Aussie dollar - Buy setup with targets at 0.7650 and then short from 0.7650 down to 0.7350
Potential buy setup on AUDUSD
Inverse head and shoulders pattern forming, waiting for price to break above neckline before going LONG
AUDUSD you just can take the long position as big as you can!!!!!
Audusd - daily chart - pending buy setup around 0.7520 with a great risk to reward and limited downside.
Fundamentals:- The US had its Non Farm Payrole on Friday and although the unemployment rate dropped to 3.9% average hourly earnings had also dropped. The NFP figures showed jobs created at 164K when the market was expecting 190K. So mixed data but in all we are expecting a bit of a pull back from the Dollar strength last week. In Australia the economy has been ...
After a great trade shorting from 0.8100 all the way down to 0.7500 we have hit an area of support so time to look for another opportunity, dollar strength will continue maybe but that's to be taken with a pinch of salt. This is just my thought process lol you must do your own analysis. thanks
A simple candle formation here, Aussie pushed out of the wedge during the Asian session and has maintained a strong upside movement through the remainder of today. I will be taking this pair up to the previous high of 0.77657. A buy order outside of the wedge would have entered you into the trade whilst you slept and now into deep profit. Simple simple simple ...
It is almost time to go long again on the weekly chart of audusd. You could wait for the first bull candle to get a confirmation
Aud/Usd - Daily chart - I see a strong demand zone below current price for aussie dollar and I've taken a buy trade around 0.77 with stops below 0.7650 and targets of 150-200 pips. This correlates well with dollar weakness and other major fx pairs in buy levels.
After the Rate Hike from the FOMC to 1.625 was priced into the market the AUD/USD broke out of its channel to the upside. As I said in the previous trade idea for the AUD the economy is improving after its transaction from the mining sector and I expect it to remain buoyant going through 2018. I will be keeping an eye on wage growth and jobs ...
AUDUSD breaking the high of Sept 2017, looking for a continuation supporting the Bullish run