AlexandreNygal

AUDUSD : two breakdowns = first indications of weakness

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD             pair is inside an upside trend, since June 2016. Higher tops and higher bottoms were defining that trend.

Currently, there are the first signs of a potential weakening bullish dynamic :
- The pace of the progression is slowing down, as shown by the break of the ascending trendline support. This was the first signal that should have raised our attention.
- The previous short term bottom (0.75576) has been broken too.
These two elements happened on the same day.

The next step to see if the AUDUSD             is really constructing a reversal is the support at 0.75065, which is reinforced by the 200 days moving average. If that level had to be broken too, we would be looking for short term bounces to find opportunities to enter short on that pair.

Stay tuned, and feel free to leave a comment with your opinion
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
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