audnzd long audnzd is now in uptrend create new high breakout consolidation trendline breakout downtrend line take profit arround 100pips
Cheap AUD dollar Trending up, near major horizontal support, 200 ema support. Next stop 80.2
(A) Successful breakout above Upper-Band of Negative Monthly Channel Trend. (B) Break-Out above and successful back-test of 77 Week Wedge S/R Level at 0.7835. Aggressive Bulls are currently looking at (B) and weighing up a 2R:R or better on Longs here if 0.7835 back-test holds. I'm more cautious getting long AUD here and am presently long USD Index. So, I am...
WEEKLY/DAILY REJECTION + SHOWING WEAKNESS @200 SMA + 161.8 FIB RETRACEMENT + PRICE HISTORY . LOOKING FOR A NICE SHORT TO MONTHLY SUPP . ADX-DELAYED
We are getting to the top resistance on AXY showed in May 14th, 2015 (81.6) and the lowest support on DXY (93.18) in the same day, right now the pair AUDUSD is falling into a trap, so wait to sell until we reach the 0.81630 level to sell, do not risk your earnings, enter with a MACD divergence (3,10,16,CLS). Safety trade!!
Over bought conditions broke trend line Few major horizontal/Trend line resistance areas coming up Monthly chart shows au might break out upward to limit risk, I'll move stop loss to break even after 1:1 and have a smaller position than usual.
Ascending Triangle another reason for audnzd long term entry uptrend
Australian Dollar Falls No Further On Weaker Leading Indicator Talking Points: 1. Westpac’s Australian leading index weakened in May 2. However, the Aussie Dollar had already been knocked by Moody’s shock China downgrade 3. Bears didn’t ask for any more The Australian Dollar was steady Wednesday despite the release of a key leading indicator...
Hey traders, look for consolidation in the Australian dollar next week. My bias is toward the downside since we're channeling down on the short term. Breakout to the upside cannot be ruled out. We will see in the upcoming couple of days.