Short AUD/USD break below 0.7490, target 0.7420

FX:AUDUSD   Australian Dollar / U.S. Dollar
256 2 18
AUD/USD             downside finds strong support by 110-EMA at 0.7494.

Momentum studies are bearish , break below 0.7494 targets 0.7420.

Daily price action has dipped into daily cloud.

Recovery attempts were weak, pair unable to hold gains at 0.7533.

Major support levels - 0.7494 (110-EMA), 0.7420 ( double bottom July 27 and June 9), 0.74, 0.7380 ( 200-DMA             ).

Major resistance levels - 0.7525 (cloud top), 0.7561 (50-DMA), 0.76 ( trendline ), 0.7627 (20-DMA).

Good to short break below 0.7490, SL: 0.7530, TP: 0.7420/ 0.74
Daily chart USD Index in my point of view. Still going uptrend till 98/98.25 finishing wave 5 before drop. Best wishes for your idea
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out