AUDUSD Outlook for the coming months.
AUDUSD -
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there.
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there.
Note
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