OANDA:AUDUSD   Australian Dollar / U.S. Dollar
48 0
The trend is upward.

On the 4-hour chart, the upward correction of the higher level is developing as a wave (4). Locally the upward momentum is forming within the fifth wave of the lower level v of C of (4), within which the correction (iv) of v has ended. If the assumption is correct, the pair will grow to the levels of 0.8190–0.8250. The level of 0.8003 is critical for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 0.8003 with the targets at 0.8190–0.8250.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.8003 will let the pair go down to the levels of 0.7950–0.7805.



Timeframe Weekly
Recommendation BUY
Entry Point 0.8094
Take Profit 0.8190, 0.8250
Stop Loss 0.8030
Key Levels 0.7805, 0.7950, 0.8003, 0.8190, 0.8250

Alternative scenario

Recommendation SELL STOP
Entry Point 0.7995
Take Profit 0.7950, 0.7805
Stop Loss 0.8040
Key Levels 0.7805, 0.7950, 0.8003, 0.8190, 0.8250
Register on LiteForex site and get more analysis https://www.liteforex.com/?uid=880952068&cid=12118
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out