Australian Dollar / U.S. Dollar AUDUSD

H2: - Tendency: Upward - Weakening - Below resistance W1 --> Sell

AUDUSD is dropping like a rock at the start of the US session, suggesting that a higher degree wave 4 correction had ended with an ending diagonal in its final wave c. In such case, we expect now to see a drop at least in three-waves, where a break below the 0.7100 level would confirm even more weakness for the pair. Also a drop out of an ending diagonal can ...

Price is at supply. If supply fails to hold price low then it will turn to support once crossed above. Targets below

Wait for the breakout to sell.

AUD/USD – 2H Chart • Possible bullish pattern, with a probability of a Zig-Zag in Minuette (ii) (black), which could lead towards a bullish impulse in Minuette (iii) (black).

Suggest AUD USD : Sell level 0.71500 SL : 0.71850 – 35 pips – 350 points TP : 0.70800 – 70 pips – 700 points Suggest AUD USD : Buy di area 0.71850 SL : 0.71500 – 35 pips – 350 points TP : 72550 – 70 pips – 700 points

A break below the ascending wedge could send AUDUSD to 7000x. Also Gold showing weakness which can add more downside pressure for the aussie dollar.

Looking for break out and sell this pair.

50% retracement in this downtrend, based on the current month's high and low to establish the trend. Looking to short around now and set take profit level of 0.69670. You'll notice my fib retracement is reversed to show extension levels, so the 61.8% retracement is at 0.71638. A clean break above that level would stop out this trade for me and I would reconsider a ...

The idea is to trade the break of the rising wedge. Can be both ways as the wedges can play out both as the continuation or reversal patterns. But I think that the higher risk is on the upside as the pair is trading in a down-channel since November 2017 and the retest of the downtrend line is highly likely. Furthermore, on the daily chart, we can see that STCh ...

Price break the wedge, watch the pullback for sell (Note: Trade with the proper money management. Lose small, WIN BIG) Please like, comment, and subscribe to support the author if you find this analysis helpful. Cheers :D Good luck and stick to the plan.

SHORT

Although AUDUSD attempted to bounce back from the lows of 0.7040 levels, failure swings are at 0.7150 levels. Consequently, bears have resumed today. While minor trend slides through sloping channel. Sharp shooting star has occurred at 0.7256 levels which is exactly at channel resistance (refer daily plotting). As a result, the current prices are still below ...

Break down wedge

Expained on chart.

Short it!!!

Price bounced from major support level in early October. In which over the weeks, price saw gains as high 1.60%. Now price is facing the first resistance level of the bearish channel, which spans back to the end of August. Look for a potential bearish reversal. Look closely to the Chinese markets and economic data for potential bearish catalyst. Trade ...

Market in a channel currently expecting a break out downward, Already the mini triangle trend has been violated retested. Aggressively you can make a short position