Audusdidea
AUDUSD LONG! Weak DXY (USD) Vs Strong AUD on 1Hr and 4hrBias is Weak DXY (USD) Vs Strong AUD on 1Hr and 4hr.
Watch out for Trend-line at current price; find it and confirm break to upside--
OR
Price upside confirmation above
0.59711
0.60016
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AUDUSD long can we see Audusd push higher?..
in my opinion, we can see more bullish momentum to the targets I have marked up aligning with the 12hr 50ema and daily 50ema.
breaking down my technical analysis, you can see there has been a massive sell-off breaking some all-time lows, this has created a very overextended daily run.
finally, we reached daily support, on the 4hr time frame we began seeing signs of deceleration, with the daily support being respected.
there was a very respected 4hr trend line created price was also holding the 50ema, with the strong impulse break of the trend line and resistance zone & 0.6000 level.
I anticipate a small pullback to 0.6000 for a further continuation.
AUDUSD: FALLING WEDGE IN MONTHLY TIME ZONEThanks for Taking Interested in my Trading Idea.
AUDUSD: FALLING WEDGE IN MONTHLY TIME ZONE
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My Idea on AUDUSD for this week it can be two different ways I'm looking for a W pattern but first I'm expecting to see if the market fills up the wick before shooting up to the downtrend line resistance Zone if we break the Yellow or the wick fill zone we going to go to the downside lets keep an eye on this one