NamMinh

AUD/USD is forming a swing low

FX:AUDUSD   Australian Dollar / U.S. Dollar
Hi fellow traders,

AUD/USD             in our technical point of view is just forming a a swing low in its upward movement at D1 TF; the sign for that low is of course in a forming period and needs some more confirmations to lead the price action to a higher level in the next time.
Some following conditions need to be confirmed, then we are convinced for a next upward movement:

1) The candle at D1 TF needs to be closed above the 200 DMA
2) The price action must make a breakout the 0.236 Fibo retracement at the 0.7737x handle
3) A breakout that price handle at 0.7737x will lead the price action to 0.382 and 0.5 Fibo retracement easily, else Aussie will still have the big hurdle at 0.236 Fibo.

Keep watching that pair for a profitable trade.
Trade well!

Makkaba
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 Screener Crypto Screener 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