AUDUSD – Aussie /dollar pushes higher from support after pin bars The AUDUSD pushed higher last week from the D1 pin bar buy signal at 0.7750 which . We see the AUDUSD potential for price to continue higher this week and potentially test resistance at 0.7890 to 0.7990 area. AUDUSD Traders who are not already long from last week’s buy signal can watch for...
AUDUSD is testing major resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur from here to push prices down to 0.7775 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 95% and a corresponding reaction could occur...
AUDUSD has bounced perfectly from our buying level, still has good upside potential. Buy above 0.7781. Stop loss at 0.7752. Take profit at 0.7887. Reason for the trading strategy (technically): Price had bounced above our buying level perfectly yesterday and is rising towards our profit target. We see immediate resistance at 0.7833 (Fibonacci retracement,...
AUDUSD has started to bounce above strong support at 0.7784 (Fibonacci retracement, horizontal overlap support) and a further rise could occur at this level to push price up to 0.7827 resistance (Fibonacci retracement, horizontal overlap resistance) before 0.7889 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing...
AUDUSD is testing strong resistance at 0.7784 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to 0.7713 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance from 92-98% where a corresponding reaction could...
Intro: We are seeing AUDUSD approach strong resistance at 0.7890 where a strong drop could occur from. Sell below 0.7890. Stop loss at 0.7942. Take profit at 0.7769. Reason for the trading strategy (technically): Price is approaching strong resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish price action) and...
AUDUSD is testing major resistance at 0.7867 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 0.7804 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could...
Intro: AUDUSD has bounced up nicely since yesterday, however we’re expecting a drop to our major support area first before another stronger bounce. Buy above 0.7731. Stop loss at 0.7633. Take profit at 0.7986. Reason for the trading strategy (technically): Price has made a small recovery overnight. We’re expecting price to drop today towards our major support...
AUDUSD Shorting opportunity
The pair is currently making the last corrective leg on the daily. I am expecting a deep corrective structure, which will test the bullish daily trendline before making the second bullish impulse leg.
AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at...
TP just a tad above the daily support#2, slow mover, might not reach the target. But I think it has room to go down. R:R 1:1.7
AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop could occur from to push price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). RSI (34) remains under bearish pressure from our...
AUDUSD has finally broken our long term ascending support channel triggering a potential strong sell off from here. Our first major resistance is at 0.8067 (Fibonacci retracement, horizontal pullback resistance) and a strong drop could occur below this level to drive price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). Do be aware...