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Australian Dollar / U.S. Dollar
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AUDUSD dips to buy: AU approaching resistance

561
AU received great news over the weekend, and gapped up.
But now it is approaching what I think is resistance.

It may well break through, in which case I will wait for a retest of the zone.
But hopefully resistance will hold this time, and perhaps the gap will need to get filled.
The green zones are what I will be watching for signs of retrace completion.

Note
Ping ... snapshot
Note
Double Ping = Double Bottom ? snapshot maybe. I would have preferred it NOT come back here, but that second bounce was a couple higher, so might be a good sign.
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
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Elliott WaveFibonacciSupport and Resistance

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Elliott WaveFibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

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.