I see price retesting the trend line as a potential pullback in which has been broken. Also, if you look left on this weekly time frame there is a "Double Top" indicating a potentially strong bearish move to the downside.
Looks like it will continue goin south and bounce on .382 and channel support, then continue to test .50 or .618 fibo retreachment.
-4Hr: Retest of support line with bullish momentum towards resistance which I feel will retest and gain bearish momentum upon the interest rate decision -Daily: retest of support line - RBA governor Philip Lowe indicated in July that interest rates were likely to remain on hold for a while as Australians grappled with rising household debt, stubbornly weak...
If the level of 0.852 was broken we will go in for long that level actually is so strong and we`ll wait to see - if the price was reached to 0.8045 will see confirmations for short opportunely Good Luck! :)
fib retrace on 61.8% . this setup looking very juicy!!!
I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets: Entry Sell: 0.75900 Stop Loss: 0.77550 Take Profit:...