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Audusdidea

AUD/USD Technical analysis.Currently, AUD/USD is trading at 0.7058. The pair is trading in a down trend from some time and now moving towards the resistance level. It can rebound after touching resistance level and touch support level at 0.6992. Its entry price for short is at 0.7038 and target price is at 0.6992. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
4
AudUsd- Is Aussie finally done?From the beginning of June, AudUsd is trading in an ascending channel which is contracting and contracting and looks more like a rising wedge. We also have a false break above the channel's resistance which, in my opinion, marks the top for the pair. Is clear for me that Aussie lacks power at this point and a much-nedded correction is just around the corner. At the time of writing AusUsd is trading at 0.7266 and a daily close under 0.7250 would reinforce my opinion and should trigger sales for the pair. My soft target for this pair is 0.7 but Aud can fall even to 0.68 which is the target for the rising wedge pattern
Short
by Mihai_Iacob
2
AUD/USD moving in upward channel.Currently, AUD/USD is trading at 0.7303. The pair is trading in upward resistance and support channel and about to break its entry level. The price is moving towards its support level at 0.7200 and it can rebound back after touching support level. So, it it breaks the entry level at 0.7300, it may continue its down trend and can touch its target price ( support level ) at 0.7200. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
AUDUSD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
14
AUD/USD Trading in channel.Currently, AUD/USD is trading at 0.7149. The pair is trading in an up trend from some time in a channel pattern, price has just touched the support level and It may rebound back from here. The pair may touch its strong resistance level at 0.7334 if it breaks the resistance level. It may also touch its strong support level at 0.7032 if it breaks the support level. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
by rishililawat5