The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6459 which is a pullback resistance that aligns close to a 23.6% Fibonacci retracement level.
Stop loss is at 0.6503 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take...
FX:AUDUSD
Preference:
AUDUSD has been trending downward for the majority of the week. After consolidating and breaking above, we set a buy limit order at the double bottom on the 30-minute time frame and waited for this structural level to be retested. Our trade is now active. If this level holds, we could see a retest of the highs before a continuation of the...
Hello Everyone,
The AUD/USD pair has thoroughly examined the yearly support level and, as of now, there remains the possibility of further testing before a potential upward movement begins. Currently, we've reached a juncture where a turnaround could occur, yet it's important to acknowledge the continued presence of bearish short-term potential that cannot be...
AUDUSD is currently at a very powerful support level.. the next target is the resistance level all the way at the top. There is also a strong level of support with the trend line below.
This is a very good buy opportunity - huge profit potential.
The Aussie (AUD/USD) is trading close to the pivot which has been identified as a pullback resistance. Could this FX pair potentially stall around this level before reversing to drop lower towards the 1st support?
Pivot: 0.6452
1st Support: 0.6348
1st Resistance: 0.6488
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you...
AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically.
The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269).
The hawkish...
after we miss the chance for long with rejection setup at 4H chart we can see clear chance for short
with trend setup as shown on the chart also we have clear view for distribution level at 30 MIN
chart with dally volume profile so far so good for short
✅AUD_USD is making a
Bullish rebound after the
Breakout of the key horizontal
Level of 0.6466 which is now
A resistance so we are
Bearish biased and we will
Be expecting a move down
After the retest of the resistance
SHORT🔥
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Looking at the trend in the four-hour time frame, AUD/USD can rise to the resistance of the ceiling of the descending channel in the range of 0.6623 after the formation of the ANTI BAT harmonic pattern.
Hello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone.
We have observed multiple bearish candlesticks on the hourly chart.
So, if price continues to struggle here, there could be a potential short opportunity
with initial target at 0.6550 level.
Keep in mind that this is the hourly chart, so even if you sell, consider taking...
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Due to recent issues such as the escalating military conflict between Israel and Iran, and retaliations from Israel, the US dollar is gaining strength. The US inflation seems not to be significantly easing, and expectations for the...
--------------AUDUSD OBSERVATION--------------
This is just an observation or more precisely said guesstimate. I wouldn't go long on this pair at the moment and still think USD has more upside potential. However it could be a scenario just for fun. So I share it to see what do YOU think of the possibility of such reversal.
