AUDUSD approaching support within cup pattern

FX:AUDUSD   Australian Dollar / U.S. Dollar
A significant amount of support exists within a cup range formed earlier this month. Price support ranges from .7215 to .7233 (a conservative target would include the round number .7200). The brexit vote along with some risk aversion has pushed this pair down closer toward this price range and while price is still 100 pips from this entry target, further equity sell-offs and negative USD news on Jun 28 could bring it close enough to trigger a long entry. The long-term trend down trend is currently paused with price ranging for close to a year. It should therefore not create much head wind for a long entry.
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