AUDUSD market structure is bullish. Price is also above the 100-period EMA on the 4H Chart. Price bounced up from the previous low. It is likely that the uptrend may continue to 0.7220.
I have already bought at 0.7100 and would be looking to add more buys if the price dips towards the buy area again. My TP is 0.7220 and SL is at 0.7047. Expecting a continuation...
Correcting final Friday's buying and selling session, the pair didn't exit the vary of its bullish channel, and this may increasingly solely occur if the AUD/USD pair strikes steadily under the 0.7000 help. Foreign exchange merchants, particularly those on this pair, are monitoring the extent of tensions between America and China as a result of the latter is...
Recently closed 4H candle in AUDUSD looks like bears have managed to drag the pair lower from the resistance area. A pullback to 0.7040 is possible if the resistance area that I have highlighted in my chart holds.
So, there's a good chance to sell and make 100 pips. I have already sold when price moved to the resistance area and currently holding my sell for 0.7040 TP
AUDUSD is struggling to break the 0.70 area. A strong reversal from this area could happen in the coming days. If you see bearish price action in the lower time frame , then look for sell entries between 0.70-0.7050 with SL above 0.7120.
TPs can be set at 0.6850, 0.6730 and 0.6580 respectively.
AUDUSD reversed off its resistance at 0.69603 where it could potentially drop further to 0.69299.
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AUD/USD is currently in a trend reversal phase. Currently the price is in a very important area. If this line is broken by the bears, then I expect more downtrend in AUDUSD upto 0.6670.
Since I have a bearish bias on this pair, I will be watching for a break of this line before putting new sell trades.
Hello Sophisticated Trader,
Since early June the $AUDUSD has held strong support of .6840, which is also the upward trend line support. At this point, I have lowered my expectation of a dip to .6700, even though this would be nice. But the $AUDUSD, is making a clear path, especially on the monthly chart for a potential test of .7200. With Monday and Tuesday being...
AUD/USD is currently in a trend reversal phase. Traders get ready to for a big sell soon. AUD/USD has been unable to break the resistance area.
After a strong rally for almost 3 months, it is quite natural that the buyers are stepping away and taking profit.
I am expecting the big bears to step in soon and accelerate the downtrend. Sell Trades between...
AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears.
Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.