looks like AUD/USD wants to move up with the previous breakout!
I`m not executing any trade now and will look for a setup tomorrow as the RBA Meeting Minutes are ahead and could cause volatility!
Additionally I already got an AUD/JPY-Longtrade open as posted, but I hope this analysis cam help you during the asia-session!
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The trend is definitely up, and the recent consolidation since January had put the price at bottom of a rising channel. I believe it is a good long at current level. Stop if break down outside the channel.
Technical Overview: - AUD/USD
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We captured liquidity holding above the previous highs before shifting into bearish momentum. If we can hold the bearish structure and not break the structure at the level marked, we can expect continuation into the imbalance zone.
as we can see the price is respecting the trendlines and already given a stophunt and now we can see a reversal and price will meet another end of the trendline or might even cross it and go up to the resistance
AUD/USD is currently re-testing a strong support-zone and could move up after confirmation!
Previous US-Inflation-Data have boosted yields and DXY (US-DOLLAR-INDEX) as the market is concerned about Jerome Powells recent statements saying "inflation is transitory".
This could cause chaos, volatility and so pullbacks in the forexmarket as...
We smashed a gorgeous 11R trade yesterday in the free telegram channel. Today we are looking to capitalise again on AUDUSD now that the momentum has shifted to the bears. We will be waiting for a deep retracement to join in on the overall shorts again.
#AUDUSD broke the horizontal resistance
That became support, and the pair is now retesting this level
I think that AUD-USD will go up from the level
With the first target being the high of the breakout
And the second target being the high of the previous breakout
Because the next strong weekly level is quite far away
So there is plenty of room for the move up
Hey traders, here is the analysis for the AUDUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Long term monthly chart descending trend broken. Looks like the swing traders are taking their profit at 0.8000 resistance level for the short term, consolidation likely.If 0.8000 is broken looking for a retest and long term LONG to 0.9500.