AUDUSD to retrace towards 0.236 before continuing downward trend.
Waiting for price to pullback to broken support then turning resistance (lower high), or break of uptrend line & retest for continuation lower..
We start the week below key support now resistance at the 0.77482 area. A correction and re-test of this are will provide a great place to look for shorts down to the targets of 0.76156 and 0.75817 respectively.
Inverse head on shoulders broke out of its weekly downtrend holding since 2015. Price broke its neckline came back to retest & now looking to see if we can get a hammer close to support. Elliot wave potential swing trade lets see how it plays out !
Likely to break higher, price has been range bound & is now back at daily resistance. If we can get a break above price will push higher no doubt..
Watch for breakout & retest of broken support turning resistance to add short positions..
Price back at the top of wedge near strong resistance. Watching price action to go short, AUD news coming out very shortly as well..
Waiting for Australia CPI to produce a good print and to bring more Aussie positive sentiment. Trade with 1:1 reward to risk.
Short after break of uptrend line & retest of broken support turning resistance. Flag pattern presenting itself & price being squeezed it will have to breakout higher or lower very soon..
The AUD/USD Monthly chart is something I have been watching for a little while. I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/USD has taken a skydive since July 2014. Although I don't trade the monthly chart I am cognizant of the approach and then the break and...
Waiting to see if we can get a potential completion of head on shoulders pattern for a strong bearish move ...
Despite the potential for further advances in the USD Index next week we start the week with AudUsd forming a large ABC corrective pattern and sitting above key support at 0.78099. As long as this key level of support holds we will be looking for Bullish formations and patterns to initiate longs up towards the target and range top at 0.78728.
Good area of previous resistance, we have had a 0.618 fib and a few failed attempts to break this level. I'm aiming for the 0.7800 level 2:1 rr
Price looks trapped in a triangle within its daily uptrend line & Daily resistance. I will watch to see if price can reach the red triangle to look for short positions, or wait till we get a break of that daily uptrend line for price to roll over to the downside. Overall looks very bearish this one will require some patience but is definitely on the watchlist.. :D...
Watching this pair for AUD news in about a hour if we get week unemployment numbers I will look to take this setup as price is sitting above support waiting for a breakout. I will take Audusd long if good news out of the Aussie. This news event could bring a strong move to this pair
Watching for a potential breakout of bull flag, ill be watching this & NZDUSD for a breakout. On the weekly trend still looks very bullish, so now I am waiting for a break & retest for more confirmation ... Trade with care!
Watch for breakout of downtrend line & retest. Price currently between support & resistance, & will need to breakout either way. If we break to the upside this pair will have some room to push up reaching its daily channel.