AUDUSD Weekly Trade Analysis
AUDUSD > 10/15-20/17 Trade Analysis
Timeframe: 1W
Accomplished firm break and hold above key resistance level 0.78200 and closed above key barrier @ 0.78740 signaling trend reversal with further strength in Bullish trend.
Holding above key barrier possible signal further rise to 0.79170 level with break above pushing further to 0.79290 - 0.79370 levels.
Very strong resistance located at 0.80000 level.
See only a firm break and hold back below 0.78200 possible bring bearish trend back into play to lead first to 0.7730/27 levels with continuance to lower levels, but in longer term.
High volatily expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Accomplished firm break and hold above key resistance level 0.78200 and closed above key barrier @ 0.78740 signaling trend reversal with further strength in Bullish trend.
Holding above key barrier possible signal further rise to 0.79170 level with break above pushing further to 0.79290 - 0.79370 levels.
Very strong resistance located at 0.80000 level.
See only a firm break and hold back below 0.78200 possible bring bearish trend back into play to lead first to 0.7730/27 levels with continuance to lower levels, but in longer term.
High volatily expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.