AUD-USD is trading in a downtrend
Below a falling resistance line
And it is now re-testing the horizontal resistance areas at 0.70500
And I think that there is a chance
That we will see a move down
Towards the target below
Like all Usd pairs, AudUsd also has lost a lot of its value in the past 6 weeks( almost 10%).
After reaching a strong resistance above 0.76 at the beginning of April, the pair fell hard and the recovery from the beginning of May was also met with strong selling from 0.73 resistance.
Yesterday's test of 0.7+ was reversed hard leaving a very long-tailed Pin Bar on...
AUDUSD change of market structure to retrace to premium levels before dipping lower. Optimal trade entry zone indicated in yellow. Look for lower timeframe confirmations to go short targeting liquidity below and always take partials. GL
AUDUSD has falling the past 2 days and came to a strong support area of Fibonacci retracement 0.38 level.
my bias is the pair to reverse to the next resistance line and we would see if the pair keeps moving up or it falls again from that level of strucure.
alternative scenario is that if the pair is able to break the support structure, it may lead to a...
1. Monthly/Weekly resistance
2.Weekly is rejected it and probably it will close rejecting it due to lower timeframe confluences
3. Daily -Went above then come back below, so, there is a high probability that most buyers is not interested anymore
4. Daily - Potential head and shoulders
Entry point - would be on next shoulder.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Here is my view for AUDUSD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Also careful as this pair were still affected by the Ukraine war. Trade Safe!
Here is my view for AUDUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. But be careful with the current market situation as Ukraine and Russia war affect this pair. Trade Safe!
AUD-USD is about to retest the descending resistance
And because the 0.7290 level is strong, it represents horizontal resistance
I expect a bearish reaction after breaking the minor ascending support line
With the target being support below at 0.697
Hi TRADERS this is my trade set up for the AUD/USD
AUD/USD Is in resistance zone and I am expecting a rejection for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
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