FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
22 0 4
Aud is at an interesting point, and is probably best to just stay away from right now.

Big Picture
It has recently made a large impulse down after failing to break out of a weekly downtrend and is now approaching the daily upward TL.

A correction is needed before it can continue further down, to which I am forecasting in the long run.

TECHNICALS

MACD:
1 Hour bullish divergence .

Pattern:
A questionable breakout of the 1 hour downward trend line with a flag forming at questionable trading hours currently 6:21 EST.

The Asian session just opened and there is new at 9:30 Est.

S/R
Currently supported at a strong 4 hour key level (light blue) and underneath 1 Hour resistance.


Bottom Line.

The flag forming now, has probably induced a few traders to assume longs. However with the choppy price action I would like to see the price drop down and retest the low before heading upward. Im keeping my stop and my risk very small. Due to the nature of this beast.


Watch out if you see failure near the blue resistance level . Triple top formation would drag this sucker down.
Trade active: Broke above resistance level. BE and ride to target
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out