After opening quite a bit higher then we closed last week on AUD/USD we have dropped again to the support level of 0.73350.
If the support level won't be broken we could see a nice bounce to the resistance level of 0.74350 this week.
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Expecting to AUD to pick up here, once we get our combination of price action approval and breaking of the trend line confirmed, then i would assume its a bullish market.
If we break the channel we might test the bottom one more time before heading back up.
AUD/USD LONG TRADE . SL 32 PIPS TP 61 PIPS JUST UNDER A 2.1 TRADE.
Been waiting for this pair to show a new entry for awhile . I believe we will have another bull run to the upside this week.
Price is currently at heavy support zone and many other confluecnes for me so I'm long this pair. Wanted to enter last week but wasn't happy with PA so didn't chase the ...
Hi traders, we are having very nice setup. AUDUSD is still Bullish. Don't miss this long. It has a huge potential. Currently short term trend on lower time frame is Bearish. Buy at bottom and hold.
As per my analysis, price action shall further move up to the below targets.
Entry: 0.75035 (or) Entry @ CMP
Take Profit: ...
AUDUSD shows a nice buy setup on the daily time frame. As you can see the range is narrowing from 2 perspectives. Its also reaching a support level. All this together can lead to AudUsd bouncing back up.
Open: between 0,7535-0,7570
TP: 0.7640 TP 2: 0.7710
AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72
Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is ...
(As always, our students got notified early about this analysis)
The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low.
Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up ...
AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales ...