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Thread: AUDUSD

  1. #41
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    The level at 0.7300 is no longer valid so the nearest strong level looks to be the key number of 0.7250.

  2. #42
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    The AUD/USD pair went back and forth during the day on Wednesday, but pierced below the bottom of the hammer from Tuesday which of course is a fairly negative sign. Nonetheless, we are not sellers until we break down below the bottom of the range for the Wednesday session, and also recognize that it will be more of a grind lower than any type of meltdown. As far as buying is concerned, we would have to break above the top of the range for the Wednesday session in order to do so for a short-term move higher.

  3. #43
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    AUD/USD Intraday: key resistance at 0.724.Pivot: 0.724Our preference: short positions below 0.724 with targets @ 0.715 & 0.713 in extension.Alternative scenario: above 0.724 look for further upside with 0.727 & 0.731 as targets.Comment: the RSI is mixed to bearish.

  4. #44
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    Our preference: short positions below 0.7235 with targets @ 0.7155 & 0.713 in extension.Alternative scenario: above 0.7235 look for further upside with 0.728 & 0.731 as targets.Comment: the upward potential is likely to be limited by the resistance at 0.7235.

  5. #45
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    The AUD/USD pair initially tried to rally during the course of the day on Thursday, but then fell significantly. We broke down below the recent support at the 0.7150 level, so at this point in time we feel that the market will continue to go lower as the red candle is fairly long. We feel that the market should then reach towards the 0.70 level below, which has been massively supportive. We are sellers of short-term rallies, and feel that this market should continue to drop in value going forward as the US dollar has started to strengthen yet again.

  6. #46
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    You had better go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.7072.

  7. #47
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    AUDUSD remains in downtrend from 0.7385, the rise from 0.6826 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 0.6500 area. Near term resistance is at 0.7050, only break above this level could bring price back to test 0.7439 key resistance.

  8. #48
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    The AUD/USD has a general up trend, but it'll probably show us a down gap at the beginning of the next week. I'm preparing to open a sell here.


  9. #49
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    A sustained move under .7207 later today will signal the presence of sellers. This could put the market in a position to post a potentially bearish closing price reversal top on a close under .7166 so investors should watch the price action and order flow on a test of this level late in the session.

  10. #50
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    The AUD/USD pair rallied during the session on Thursday but pullback enough to form a bit of a shooting star. The shooting star sits right at the 0.72 handle, and of course the previous uptrend. Because of this, we feel that it is not until we break above the top of the range for the session on Thursday that we could be buyers now. On the other hand, if we break down below the bottom of the range for the session on Thursday, and the US dollar is strengthening overall, we would not hesitate to start selling and aiming for the 0.70 handle.

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