After breaking under the huge flag's support that I've spoken about 2 weeks ago, AudUsd has continued its descent breaking under 2 more important support.
However, at this moment, the pair is in a strong buy zone and, considering an almost straight fall of 500 pips, a correction is needed.
I will look for opportunities to buy this pair for a rebound to 0.73 zone
Friday, AudUsd has reached the very important 0.71 zone support.
Now the pair looks ready for some correction and a rise above 0.72 is probable at this point
I'm bullish as long as the recent low is not violated
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We have a Weekly ICI to the downside where we have taken the fibbonacci from the high to the low of the impulse and we can see that structure is lining up with the 0.382 of the fibonacci retracement and we will take our entry at the 4H...
Hello Traders , Welcome to this analysis, we are looking at the AUDUSD , the 1-hour timeframe.
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AudUsd is trading around 0.72 zone, just above very important daily support and a correction is probable from this point on.
Also, the last leg down is a falling wedge and a break above 0.7230 would confirm a reversal, and bulls target can be above 0.73
A drop under 0.7170 would negate this scenario
Yesterday AudUsd has broken above the descending trendline that capped price since the beginning of the month.
At this moment the pair is trading just under 0.7420 short-term resistance and a break here would expose 0.75 important zone.
Aussie back under 0.7380 would negate this scenario
Hello everyone, AUDUSD Idea. As u can see on my chart i expect that we will take liquidity below LOWEST point and then we could move up to daily zone from where we could have possibly continuation of short. Monthly looks pretty bearish.
Buy the AUD/USD and set a take-profit at 0.7230.
Add a stop-loss at 0.7070.
Timeline: 1-2 days.
Set a sell-stop at 0.7100 and a take-profit at 0.7000.
Add a stop-loss at 0.7200.
The AUD/USD pair wavered on Thursday morning as the market reflected on the hawkish tone by the Federal Reserve chair and the positive numbers from the US and...
Australia Detects Omicron
The AUD/USD pair tumbled sharply as Australia became one of the few countries to detect the new Omicron variant. The country’s health ministry confirmed two new cases of the variant and there are concerns that more people will be infected.
Therefore, there are concerns about how this growth in infections will affect the country’s...
AUDUSD is continuing the cycle to the downside with the completion of wave Y in the minute(green) degree, currently we are in a correction in wave 4 of the submicro(orange) degree of which if we do not get a double(unlikely) then we should continue lower making Lower-Lows & Lower-Highs repeatedly(about 7 swings) after of which we will see a significant bounce to...
The Australian dollar fell again on Wednesday to reach below the 0.73 level. This is an area that will attract a certain amount of attention, but more importantly, we have a significant uptrend line underneath. The question now is whether or not we will see some type of value hunting in this region? If we do break down below the uptrend line, then it opens up a...
AUDUSD is near the trend line area which can act as a massive support and it can bounce from here. With stop losses at nearby points mentioned above in the chart an attempt on AUDUSD long can be made with good risk reward ratio.
Price 61.8. Corrected its previous move and reached its previous channel resistance and resistance in 4 hours So we have to wait for the upward trend line to break and the corresponding floor to break for a good price drop
Pip Movers are taking the AUD/USD SHORT.
Nice zone in the 2hr frame.
Entry .73477 - .73719
Stop - 73840
T1 - 71938
T2 - 71135
Looking to bounce off the AUD Monetary policy announcement.
Can be a short ride.
Watching closely as we move past T1 (Might close trade early if it starts staggering.
AUDUSD after falling in huge amount is now looking in an accumulation zone for a small time frame.
A long entry on current price can be made for low risk with a tight stop loss.
Entry : Current Price
Take Profit1 : 0.74522
Take Profit2 : 0.74721
Stop Loss : 0.74208