Page 1 of 6 123 ... LastLast
Results 1 to 10 of 53
 3 Attachment(s)    

Thread: AUDUSD

  1. #1
    Senior Member fxtester's Avatar
    Join Date
    Nov 2008
    Posts
    3,165

    Default AUDUSD


    The price is breaking another big support. We can believe that it will touch the high made during the subprime crisis, i.e 0.726.

    Then it will bounce (or not) on the major trendline.

    If we look at the chart, we can see that it is finishing a monstruous left shoulder head right shoulder pattern.

  2. #2
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default

    AUDUSD-audusd-h1-riston-capital-ltd-png

    While above 0,7624 - 0,7595 zone a corrective upmove could test 0.7674 or 0.7695. After which it should resume its downtrend. Open buy at 0.7642.

  3. #3
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default

    AUDUSD-audusd-h1-riston-capital-ltd-png
    Key support for AUDUSD is at 0.7600 level and, if we fail to hold on to that, the pair could extend its losses. As a result, momentum traders could consider fresh shorts on a break below 0.7600.

  4. #4
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    The pair initially tried to rally during the course of the session on Wednesday, but fell back down in order to form a relatively negative candle. Because of this, and a break below the shooting star from the Tuesday session, I expected this market should drop down to the 0.78 level. In fact, it’s probably going to go all the way to the 0.75 level given enough time, and we do see a significant resistance barrier at the 0.80 handle. With this, I remain bearish on the Australian dollar as the commodity markets of course are providing no help.

  5. #5
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    I believe that the market should head to the 0.76 handle. If we break below there, I feel that the market should head to the 0.75 level. That level should be supportive enough to cause a bit of a bounce, but ultimately if we break down below there the market head to the 0.70 level. With no interest in buying at this point in time.

  6. #6
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    Trading plan for today: I'll open long positions above 0.773 with take profit at 0.7885. Stop loss 0.77.

  7. #7
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    A break through .7717 is likely to lead to a move into the next uptrending angle at .7682. The daily chart opens up to the downside under this level with potential targets at .7607 and .7570.

  8. #8

    Default

    The pair has a positive trend and with good economic data release in Australia it seems that pair might continue to grow.

  9. #9
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    The AUDUSD pair near in the resistance area so I'm going to sell when the AUDUSD pair reaches at 0.7936.

  10. #10
    Banned
    Join Date
    Mar 2015
    Posts
    136

    Default



    Resistance shows at 0.7928 initially, followed by 0.8031. Above the recent high at 0.8076 is needed to see scope for 0.8133, followed by 0.8287/96. Strategy: Long at 0.7930, stop below 0.7850 for 0.8240.

Similar Threads

  1. Correlation between AUDUSD and NZDUSD
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 12-17-2015, 17:27
  2. Correlation between AUDUSD and gold
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 12-17-2015, 17:13
  3. Historical data for AUDUSD since 1970
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 01-28-2015, 23:32

Tags for this Thread

high, pattern, support

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •