Audusddaily
Dump underway for the AUDUSDThe aussie dollar has started its descend this week. I'm expecting to see more downside to come. A short upward consolidation may play out to test 0.71 and we are targeting 0.675. The macro env is pretty much clear as the jobs reports turn out better than expected. The fed should be fully committed to curbing inflation, this will be short term bearish for the pair to give us our target.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Daily ForecastAUD/USD extends corrective pullback from 18-month lows, pre-RBA optimism buoys Aussie
AUD/USD recovery lacks traction. Major trend remains bearish.
Break above 5-DMA could see some upside. Breakout above daily cloud will change near-term dynamics.
Technical Analysis:
AUD/USD trades well below daily cloud and major moving averages
Momentum is strongly bearish and volatility is high
Price action is consolidating break below 200-week MA
MACD and ADX support weakness in the pair
DISCLAIMER: ((trade based on your own decision ))
AudUsd- Genuine break of support?The long-term trend for AudUsd is clearly short with the pair dropping for almost a year now.
After reaching 0.7 important figure, AudUsd has started to correct higher and had a local top at 0.73 resistance.
The rise from the bottom is corrective in nature and is drowing a flag on our daily chart, on Friday we have a break under this flag's trend line resistance and also under horizontal support at around 0.72.
This seems to be a genuine break and I expect continuation.
The first target for bears can be 0.7
AudUsd- new rise coming?Since the December 0.7 low, AudUsd has started to rise with the price action well contained in an ascending channel.
On Fiday the pair has dropped hard, just to find bids in 0.72 zone, a zone markek by a confluence of horizontal and trend line support
I'm bullish as long as this support hold and we can see 0.73 figure pretty soon