Price is to fall toward our bullish order block of 0.65500, a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.66951.
If price breaks below the pivot, it could fall to 1st support at 0.65035 , a swing-low support level.
In this video, I will be sharing my AUDUSD Analysis Today by providing my complete technical and order flow analysis so you can watch it to possibly improve your forex trading skillset.
Hello,Friends!
AUD/USD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of...
AUDUSD is on track to completing a large head and shoulders pattern that has formed since November 2023. On the 4 hourly chart, the pair broke down from the pattern on 1st Feb but rebounded sharply to close the day in the green. Despite the rebound, the overall bearish reversal pattern remains intact with a high probability for the AUDUSD retracing from current...
As long as the price is below the red resistance zone, the downward trend is likely to continue. By crossing the resistance range, the continuation of the upward trend will be likely
Time: Tuesday at 14:30 AEDT
With the Fed, ECB and BoE now having offered their guidance on policy and all largely pushing back on the pricing of imminent cuts, it’s the RBA who steps up as a risk event for traders on Tuesday.
Like the aforementioned central banks, the timing and the extent of RBA rate cuts are the subject of much debate among local market...
Immediately after better-than-expected inflation data, the Australian dollar fell again. In addition, weakening inflation has also provided the market with more information about the RBA's interest rates in the coming time when the Reserve Bank of Australia has had many difficulties in controlling inflation and has only stopped raising interest rates. interest...
AUDUSD initial long target achieved plus some. Protective stops in place at 2.3R for highest position. willing to see if it goes more with the US 10 yr selling off and gold popping.
looking to sell to London/NY low. fib indicates price is in the perfect place to continue to the downside.
with bearish sentiment in play. with price at an 30min FVG and fib it should begin by 12 pm noon EST
On the higher time frame, bears have pushed quite a distance deep into the daily FVG. If to fuel any further sells, it needs more early sellers to give up liquidity.
We can take some risk going against the tide and aim for the daily equal highs.
Price is to fall toward our bullish order block of 0.65225 a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.65709.
If price breaks below the pivot, it could fall to 1st support at 0.65048 , a swing-low support level.
