AUDUSD is under bearish pressure, as long as the price trades under the pivot line which is 0.6549 means downward toward 0.66415 and 0.6358 otherwise should be stable above the pivot line to be upward till 0.6616 and 0.6682 the retest is available till 0.6508 or 0.6549 pivot price: 0.6549 Resistance Price: 0.6616 & 0.6648 & 0.6682 Support Price: 0.6416 & 0.6358...
AUDUSD is making a descending channel price was in range bound know its declining showing bearish descending pattern.
price went down to a major support and rejected it showing signs of a reversal and the DXY is looking to pull back for correction so I am Long on this pair
Should you buy the dip? In general, I would say this is not a good level. See the video for why, and where it might be worth doing it.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
In the bigger picture, price actions from 0.6169 (2022 low) are seen as a medium term corrective pattern to the down trend from 0.8006 (2021 high). Fall from 0.7156 (2023 high) is seen as the second leg, which is still in progress. Overall, sideway trading could continue in range of 0.6179 /7155 for some more time. But as long as 0.7156 holds, an eventual downside...
The AUD/USD exhibited sustained growth throughout the previous week, aligning with our earlier forecast. It reached the 0.6580 level, where we identified a convergence of technical, seasonal, and economic indicators. Technically, both the H4 and H8 timeframes show divergence on the stochastic indicator within the 78.6% to 61.8% Fibonacci range within a bearish...
AUD USD rapidly loosing momentum when she needed it the most. failing to claim 0.675 and AUD USD will fall. New CPI readings on DXY was a game changer. middle run TP 0.65
this is high probability trade based on order block zones price will hit order block zone located at blue area
The current selling zone for the AUDUSD pair is at 0.65217. This means that traders are looking to sell the Australian dollar against the US dollar at this price point. In this scenario, traders have set specific take-profit levels to capitalize on potential downward movements in the pair. These take-profit levels are strategically placed at 0.65026, 0.64810, and...
It is expected that a trend change will be formed in the current support range and the beginning of an upward trend will be formed up to the specified resistance levels. Otherwise, it will be possible to continue the downward trend up to the level of 78.6%
Hi Traders, Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside. However, immediately after participation, the traders will demand a discount. The simple reason is;...
23rd April 2024 Pair: AUD/USD Timeframe: 1 Hour Entry: 0.64887 Profit Level: 0.66240 (2.09%) Stop Level: 0.64672 (0.33%)
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 0.64558 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.64005 Why we like it: There is a pullback support...
AUDUSD printed Bearish Divergence on RSI followed by a breakout of Trend Line suggesting a Bearish Shift. Entry is recommended at 38.2% retracement level of current price.
AUDUSD easy buy to the daily start touch. also maybe there is a market structure shifting hapening, beacuse he broke the previeuws low he made his way free
we have a clear break on trend in 1HT and break of previous low with the news tomorrow we may expect a trong push to the downside
Trade Call: Short Entry: 0.64801 SL: 0.65393 TP1: 0.64210 TP2: 0.63620