DavidBelleFX

Possible breakout on AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
We have a relatively strong area of resistance (grey box) on 1H. At the same time, the upward sloping trendline is being respected very well. Although the RBA has said that they want to keep AUD lower for longer, there is the potential for a retracement, so an upside break is possible. Also to be noted is the double bottom that had been formed.

UPDATE: Price has broken out to the downside.

Form your own opinions.

This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk.

Losses may exceed deposits.

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