FX:AUDUSD   Australian Dollar/U.S. Dollar
304 12 24
Details on chart.
Comment: Aud went up without hitting target.. and now falling due to unable to hold resistance of 0.754 and 0.7573.. now this was technical..

And regarding fundamentals.. aud fallen hard after Speculation of Rate Cut in August..!!!!!! Stay turned as fomc can make it more bearish breaking support of 0.7425.. or another jump towards 0.76.

Before fomc stop will be BE. and if 0.7425 breaks then target is dowards 0.733 and down..
Comment: Going below 0.74 would be very bearish and I am expecting breakout... bcuz aud cross pairs suggesting more downside...
on 1hr looks like its making rounded bottom ! is it ?
Reply
On daily chart we close below 20 ema.. thats a bearish move and now we are struggling below 0.7535.. i think aud has alot to go down close to 0.74 before buyers to get in.. Its an impulsive move and aud is struggling.. on all 1hr, 4hr, and daily tf.

snapshot
Reply
robus newbie2016
wow I follow 20ema too. I envy your clean chart. I want 0.73 . ready to hold atleast week :D
Reply
my strategy is with 20 ema... and regarding 0.73 then we might have to wait for some days.. Area 0.74 - 0.7425 is buyers area and it will push prices higher again.. but i think higher price will be another opportunity to short again..

Oil fallen below today and usdcad is lurking close to 1.31.. so for short term.. there will be consolidation but i see aud to tumble down more..
+1 Reply
robus newbie2016
I am so happy it will go up again. I will reload.
I add in fib numbered lots 5+3+2+1 +1

khi khi khi :)
Reply
for now i dont see aud going above 0.755... stiff resistance at 0.753 which will push it down towards 0.74 and from there we might can see some move up.. and yes for now aud is good for shorts.. on retracements.. this is an impulsive move and will continue down.. i am bullish ucad for coming weeks due to oil as well.. so i think aud will be suffer if i will be correct on ucad for 1.35 and high..
Reply
robus newbie2016
can I suggest you to look AUDCAD. it made big cup and handle and about to reverse to test previous highs. its really good and safe trade :)
Reply
I replied to your chart.. as to me if it remains above 0.965 then it will return back above to its highs again..
Reply
my target is 0.7258&0.682
+1 Reply
agree and for that require some time..
Reply
I am target to $0.70
+1 Reply
newbie2016 happyluckydog
nice
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out