FX:AUDUSD   Australian Dollar / U.S. Dollar
Price bouncing off from the daily channel support. Possibility of upward move.

Divergence can be seen in the Daily and 4 hours chart signalling an end of momentum for the downward move. The 4 hour channel resistance has been broken.

Current upward move can be wave 1 of wave c of Z.

Possible retracement to 0.767-0.77 in wave 2 (fibonachi levels 0.618 - 0.768) before the upward move in wave 3.

Probably buy opportunity in wave 3 after the retracement in wave 2.

Entry point: 0.781 (above wave 1)
or 0.7760 (above wave 4 of wave 1)
SL: 0.7615
TP1: 0.7885
TP2: 0.796
TP3: 0.805
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
HE עברית
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