Summary: USD weakness has extended to pivotal levels that are the bull-bear dividing line between a return to a weak USD regime and the more neutral tactical outlook if USD support holds here. Volatility remains muted, but will have a hard time remaining that way if we continue to see anything resembling the pronounced weakness in US treasuries yesterday ...
Short term target 0.710 Main Stop Loss at 0.69 *Disclaimer : I just shared my view. Please trade with your own and comfortable views.
Target 0.732 Stop Loss 0.735 *Disclaimer : I just shared my view. Please trade with your own and comfortable views.
I am looking on this pair 2 touches to the down side.
Target 0.737/0.734. Main Stop loss is in 0.749
Higher highs established post WXYXZ correction - we are bullish!
Targets 0.72/0.724. Main stop loss is i 0.713
The 4H chart is showing the formation of a possible double top. If the price continues to fall down to the neckline, we could see a nice short trade set up here. The MACD and the RVI indicate that price may temporarily reverse as bears come into power. Confirmation? I will wait for the price to break the neckline before entering a short trade.
Evening Traders, Today’s analysis – USDAUD – formed a double bottom structural with the immediate target swing high upon an S/R flip confirmation. Points to consider, - Immediate trend bullish - Structural support confluence (.618 Fibonacci, 21 MA) - Local support respected - Oscillators over-extended - Swing high target USDAUD's immediate trend is...
Short term tip. Stop loss is 0.7245
AUD/USD daily- Testing overhead resistance.
AUD/USD daily- Consolidating within a Symmetrical Triangle. Most likely a bearish breakout- Since the US10y treasuries have already broken downwards out of its Symmetrical triangle on the daily chart. The AUD/USD and S&P500 index will follow suit.
AUDUSD (4hr) 1-2-3 Trend Reversal? Must complete all three steps to be a trend reversal. Step 1- Check. Step 2- Check. Step 3- must break red support line (previous low).
AUD/USD daily- Prices consolidating between support/resistance.
If you are looking for the strongest support you can ever think of, it is the one USD/AUD chart is now at 1.420-1.425. Check month timeframe to see it yourself (or even year tf). Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips . If that support will be broken, still this trade...