Elliot_Myers
Short

AUDUSD 61.80 Reversal Next Week?

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price action has closed with 3 failed weekly attempts at breaking the 0.76435 level suggesting that a move lower is most probable for the week ahead.

What is target ?
Reply
Hello Ahmetnmsl!

Price congestion around the 23.60 (0.71340) level suggests we'll see resistance here and so that'd make a good initial target.

A long term target would be a re-test of the swing low 0.68270.
Reply
ahmetnmsl Elliot_Myers
Thanks
Reply
ahmetnmsl Elliot_Myers
Do you believe we can see the first target 0.7134 in 2016 ?
Reply
Yes - price is trending in this direction. As long as it follows the bearish triangle this target is viable.
+1 Reply
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