On this occasion we can see this sequence for the AUSTRALIAN / DOLLAR (AUDUUSD), in very high probability that it will look for these areas to continue with the search for the liquidity of 0.68720. We have a risky sales area and we have what would be the ideal area to sell, it would be best to wait for confirmation in any of the areas. Let's follow up!
The current bias is short as the price seems to be rejecting from the resistance. A bear flag can be seen on 1Hr time frame as well as a potential H&S formation at 4H. On the bigger time frame, the pair is still bullish and this is expected to be short term correction.
Broken trend line - could form head and shoulders to retest and continue falling.. let me know what you think! Comments and/or suggestions highly appreciated :)
Price has reached a resistance zone Moreover, price broke the ascending trendline Thus, I'm bearish biased on the pair Target: 0.68767
AUD/USD pulled in breakout traders when the price broke 0.7000 and reached the 0.7060s. At this juncture, the peak formation is starting to get locked in but there needs to be a break below 0.6900 to seal the prospects of a prolonged downtrend. The following illustrates such a scenario from a bearish bias looking at the daily and short-term timeframes.
The Australian Dollar has been under pressure after the Reserve Bank of Australia took a cautious stance after a surprise contraction in employment in December. We would still need to see inflation come off more convincingly before making strong predictions about the end of the RBA's hike cycle.
This pair is looking to make a new HH in this allover bullish trend. Bullish impulses look to be getting stronger and stronger. Bearish corrections are getting weaker. Numerous confluences: -BULLISH TREND -STRUCTURE FORMED AND BROKEN -CUP & HANDLE -STOCH CCI IN TO OVERSOLD TERRITORY WITH CROSSOVER Ideal entry with SL and TP shown on chart. Please share your...
Price is testing structure after it broke to the downside, we are currently waiting for another breakout to the downside before going short. What's your thought on this pair?
AUDUSD H1 - We closed the signal at 0.69450 price as we approached this area of hourly and H4 supply and also an area of H1 and H4 resistance. GBPUSD seems to be pulling back a fair bit, and DXY has yet to break outside of this range again following the correction. Happy to bank circa 1.5% on this overall.
after the big move up i audusd will continue with the down trend
AUD/USD a Bullish Tend in the last hours makes a strong retracement where the price now GOs up back to following the main trend may give a bullish impulse to continues the rising.
Guys, I'm still on yesterday's analysis, I think the price will rise above the supported floor and reach 0.70000, in case of buying the loss limit, there is a red line marked on the chart. Good luck.
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar. · There was a break below a key bullish trend line with support near...
Note the green circle encompassing the Evening Star Pattern. Now place attention to where it has been printed: the vertical blue line which represents the first month of the year. This simple price action pattern combined with the foundational understanding of the fractal market causes me to speculate the possible ascension to the next major price level. Remark...
The current uptrend is expected to continue to the indicated resistance range. Then a change of trend will be formed and a downward trend will be formed until the specified support range The movement will continue according to the specified routes
The market has a lot of bearish momentum and we can expect more sells from it.