AUD - BEARISH
1️⃣ The RBA struck an overall cautious tone with the dominant focus for the central bank remaining on the coronavirus outbreak - the greatest risk to Australia's economic outlook.
2️⃣ RBA forecasts a 6% drop in GDP over 2020, and given the country's spare capacity, the RBA expects inflation to undershoot its 2-3% target for the next two years.
- Price reaching our current Higher High, we can see that the price is overextended and overbought.
- The best to do now is to wait for a lower timeframe confirmation of a reversal and enter then.
- If price breaks this level, ket the price consolidate first before entering long.
- Preço a alcançar o nosso higher high atual, podemos também ver...
AUDUSD approaching to retest the broken ascending trendline in confluence with our 0.618 fib retracement and previous resistance. Overall, structure could be forming a H&S on 4H time-frame - which can provide a reasonably good short opportunity.
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...
As I ve expected, AudUsd rebounded from 0.7080-0.7100 support.
The pair is trading now in short term resistance and we can assist to a new leg down towards 0.7 zone.
At least a medium-term top is in place as long as the pair stays under 0.72 and rallies should be sold
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
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
AUD/USD has been rejected from resistance line and now could go lower, however we have to keep in mind there is strong bullish trend and price could also breakthrough this resistance.
Welcome to our weekly trade setup ( AUDUSD )!
Prices at previous highs.
Bearish price action after forming new highs.
Overall bullish market about to turn.
ENTRY LEVEL @ 0.69920
SL @ 0.70320
TP @ 0.69350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Hello Sophisticated Trader,
Our last analysis was over 300+ in gains, now the $AUDUSD has met resistance as it is having trouble closing above .7200 and is due for a pullback. Currently, I am looking for a test of support potentially .6900 or even further. Only a close above .7250 would negate this pullback.
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