As we can see, the price has been fluctuating for a while. Although we do not see any specific trend of the fluctuating movement, we can fit it into a wedge.
The Bollinger Bands were not changed too much during the wedge, however, it’s not broad, which means the price could easily breakout.
The MACD just went through a bullish cross, so the price could go up...
Given the current market conditions, I believe there is very bullish momentum for the USDAUD
On the daily chart, the pair have hit multi-month lows and the momentum of the down trend seems to have been slowing over the last few weeks. Also, the pair has been consolidating on the support level of 1.308 which is a multi-month low.
The improving American economic...
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...
Strong down trend comes to an end showing a bullish hammer then went onto create a higher high and higher low.
Could be the start of new channel maybe ?
Broke through the previous resistance then rejected the newly support and entered the GOLD fib zone.
Also looks like the 2 SMA’s are going to cross.
I am fairly new to trading with a couple months experience, so...
i think if you like to trade usd have good situation for buy because if see price action we can under stand with last doji is a morning star in the support line its mean buyer like for raise again and in MACD indicator we can see divergence and in RSI show divergence too. i think its good time for buy
divergence in two indicators.2. break resistance line .3.if see MACD we ca see the buyer support again and like raise again .4. touch support line and should be raise .5. in RSI indicator we can see exit in over sell and should raise again at daily time frame
AUD has been one of the the top 3 strongest currencies since early April but like all trends there is an ebb and flow. My AUD index has been trending nicely within a bullish channel and if it can hold this support line we could see another impulse. Ideally I want to see price close above the channel support line. If not we are at risk of invalidating the...
at breakout of 1.45 level (previous local high and cluster of volumes).
Good setup on daily from Macd and Rsi. Downside momentum is dissipating
TP1 1.50 (rr 3x)
TP2 1.53 (rr 5x)
same as for eurusd holds (won't act until 14.30 unemployment results)
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 .