I'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week. I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength. Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of...
We're in a long-term down trend, so I am overall bearish on this, not seen a huge amount to change my bias in recent weeks. We may have a double top which coincides with the 50% fib retracement from the last impulse move down, certainly a strong rejection just below a previous 4Hr high. I'm waiting until the next lower low (around 0.636) to maybe get in, SL...
the aussie completed 5 waves up in a leading diagonal form showing that a new impulsive wave has begun. we are looking to see a three waves pullbakc towards the previous wave 4 before continuation higher might happen. im looking to long the pair in the coming sessions after completing this pullback. goodluck
AUD/USD (AUSTRALIAN (AUSIE) DOLLAR) will up for making the 2nd of a minute degree somewhere around 50% or 61%. It has already touched 38% area of fibo retracement but it needs to go deeper which is generally happens for the 2nd wave. After finishing the 2nd wave it would down to the lower side to make the 3rd of 3rd of the C wave. We need to watch carefully where...
AUDUSD: The area of 0.7315-20 is the first important resistance for today as it contains the previous highs and the PP R2. We will try short positions at 0.7315. We will set our stops above 0.7336 targeting 0.7290.
As a mid to long term bias, I believe price may make a Head & Shoulders pattern and fall around 0.71375 to 0.7113 I suppose the actual bearish movement will happen mid of June when the neck line will be broken.
Could be a Flag pattern and price looks exhausted on the HTF so I am bullish on this pair. 🔥 BULLS or BEARS let me know!?
AUDUSD - My View Next Week - 20.07.12
I have been watching banks reduce their short positions week after week , this could be it.....All technical analysis shown on the chart
This trade is a continuation of the current price direction. We have stops above our general general trendline, 50MA and swing highs. Looking for two take profit levels using Fib retracement.
AUDUSD has been falling since January and has managed to break the strong Support at 0.7700 and retested, so next week I will be looking to short it
Price is stalling as it hit the supply zone (not shown on the chart). As soon as the downward hourly channel is broken and and confirmed it's a buy.
After bad CPI from Australia and the first slip expecting further capitulation on 50% retracement. Waiting to short on New York open.
For this time AUD would go down. Enjoy. * Arrows are not targets