Expecting AUDUSD to rise to near 0.78 at the top of the current consolidation zone. AUDUSD recently broke out of a bullish wedge on the daily and ranging between 0.7680 and 0.7820. There is completed double top formation on the 4 hour chart and this next move would be a retest of the neckline. There's also a nice pinbar (dragonfly doji) at current support on the 4 hour.
AUDUSD reversed off its resistance at 0.68928 where it could potentially drop further to 0.68139. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD reversed off its resistance at 0.67700 where it could potentially drop further to 0.67515. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
As shown in the chart, AUDUSD has rallied to the Trend Line Resistance(Blue line). This area has stopped all the bullish movements in this pair so far this year. So, traders can look for S ELL between 0.6925-0.6940 with SL above 0.6980. TPs can be set at 0.6860, 0.6825 and 0.6750 respectively.
AUDUSD is approaching its resistance at 0.67490 where it is could reverse down to its support at 0.68130. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD bounced off 0.67750 where it could potentially rise further to 0.68220. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
trend continuation opportunity audusd
Unfilled buy orders in this demand zone.
Hello fellow traders, I was thinking about Aud/Usd and came with new idea. I posted previously, falling wedge and if that will not work out it most likely this is the scenario. Price levels will differ from what do I post, but this is an idea what to look for... Sincerely, Trader.
Here is a very attractive potential Support Resistance trade I have MY EYE on.
Looking forward for this cypher pattern completion. Structure for this pair is the motive, seeing recent volatility has given all of the new structure high gains back. Dollar strength breeds downside for this pair.
RSI is closer to overbought than I would imagine the market would be comfortable with going into a major interest rate decision. So I am looking for consolidation after not so great FOMC news.