The pair has formed a nice rejection candle on the 1-hour timeframe and exactly at the 0.77 psychological level. My target is at the -27.2 of the Fibonacci retracement tool and I expect price to hit my target by tomorrow's New York session.
Audusd have strong power at the resistance zone, so i think now the price can’t break this zone and will go downward till that three targets,
But if the price can break resistance zone you should canceled your order,
AUDUSD bound by a downward channel in the 4-Hour timeframe
Without much economic news affecting the pair.
We expect the movement will be greatly on the technical side.
As we see on the parallel channel the price hit its resistance and now starting to move downwards.
Our bias for this weeks moves is short.
Sell Entry : 0.77470
Stop Loss :...
On the D1 time frame a noticeable head and shoulders is beginning to form.
There have been two forms of bearish divergence, indicated by each ellipse.
EXPECTING: Price to approach .77096 area and to approach in a corrective structure .74860 area.
Hello traders, AUD/USD is trading at 0.7613. The Pair is trading in upward resistance and support wedges and can start a new down trend after breaking support level. As the price is moving towards its support level, if the price breaks the support level at 0.7607, it can start a new down trend. The target prices for the down trend will be at 0.7564 and...
Hello traders, AUD/USD is trading at 0.7690. The price is trading in sideways trend and can start a new down trend soon. As the price is trading in sideways trend and reversed back from its support level, if it breaks the support level at 0.7626 then it can start a new down trend. If the pair starts a new down trend then its target price will be at 0.7479.
Hello traders, AUD/USD is trading at 0.7776. The price is trading in a downward resistance and support wedges. It has touched its resistance level and hence it can rebound back from here to continue trading in downward resistance and support wedges. If the price breaks 0.7749 price level, it can start a new down trend and then its first target will be at 0.7705...