FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
53 1 0

As the USD regains it's former strength and as Gold             slumps once more, I take a look at the Daily on the AUDUSD0.48% to dig out a extreme area of value.

The numbers below match the numbers on the chart.

1. Price pushed above 0.724, but bears pushed price back below

2. Break back below the 50 EMA

3. Tweezers candles on testing the 50 EMA and the down sloping trend line

4. Break below 0.71 and up sloping trend line

With the price now pulling back I will be looking for a high test on the 0.71 level (represented by the red arrow)

Confluence factors: Lower highs/lower lows, 2 trend line resistances, below 50 EMA 0.382 fib retracement, 0.71 resistance, path of least resistance across the major time frames.

What is your price target?
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