AudUsd to rise back above 0.7After the recent low under 0.67 and the touch of the important support from this zone, AudUsd has started to rise and is trading now above 0.68.
The drop from the past 4 weeks is contained in a falling wedge which now is broken to the upside.
The pair could continue its up correction and get back above 0.7
I'm bullish as long as the recent low is intact
Audusdforecast
AUDUSD | BREAKOUT & RETESTAUDUSD had been trading in a bearish parallel channel. Recently price has defined its swing low at 0.66800 where a bullish hammer formed (Bullish Candlestick Pattern).
Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from here.
Trade your levels accordingly
AUDUSD: Gains will be capped!AUDUSD
Intraday - We look to Sell at 0.6880 (stop at 0.6930)
We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies.
Our profit targets will be 0.6730 and 0.6540
Resistance: 0.6970 / 0.7130 / 0.7315
Support: 0.6780 / 0.6540 / 0.6000
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⁉️ AUDUSD - Market AnalysisHello traders!
⁉️This is my analysis on AUDUSD .
Here we are in a bearish market structure, price forming lower lows and higher lows, so I am looking only for shorts. I expect now a retracement due to the imbalances that have to be filled and if the price rejects from bearish orderblock I will open a short position.
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AUD - ST - Where to next?The heat is on!!! Again, amazing moves!
Triangle formation, we have CPI coming tomorrow which is expected to be as strong as it is globally, keep an eye on Aussie break out to either direction. However, be careful of false break outs as well as that check HT frame for further confluence.
All the best,
TJ
AUDUSD | New perspectiveAs we head into the new week, a break above the key level at $0.68700 might open room for bullish momentum. In this video, I explained how to take any potential opportunity - be it bullish or bearish.
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AUDUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 0.69500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AUDUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently AUDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. A MARKET FEAR about the economic recession is currently underway.
- Thus COMMODITIES are going down. It also affects AUSD very strongly. The Australian dollar was shown as the WEAK CURRENCY of CURRENCY STRENGTH.
- AUDUSD can move further until it reaches 0.6670 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE in AUDUSD and BUY up to the 0.7212 LEVEL.
AUDUSD Idea for next month.Hi there!
Despite interest rate hikes in Australia, the AUD / USD pair appears to be at the lowest levels since May 2020. This is in the 0.69-0.68 region that was tested last week. The weakness of the AUD may be related to both declines in industrial commodity prices amid concerns about inflation ,
and the US Federal Reserve may raise interest rates faster than the RBA.
Today I would like to present to you my analysis of the AUDUSD currency pair.
According to my careful analysis, we can expect a move of over 650 pips.
If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
DONT MISS IT looking for short on AUDUSD expected it will break daily support in us session. trade wisely and use proper risk management 15 pip stoploss from the greenzone.have a nice day my friends