The pair is moved down to test the support on 1.3073
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 1.3112
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The pair is moved down to test the support on 1.3073
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 1.3112
This downward impulse also broke through strong support at 1.3300 (the pair has previously made multiple unsuccessful attempts to break below this level).
The pair is moved down to test the support on 1.3073
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 1.3112
Intraday trade:
If a M15 close above 1.3171 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3106 sell only and do not buy. If price closes back above it again do nothing
The range 1.3171 and 1.3106 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair has succeeded in closing it's daily candle above level 1.3100 , and that's mean the up trend is still standing and the pair might head to 1.3250 and then 1.3300
as we can see from the chart , the pair is trading under the level of 1.3400 , that's mean if the pair succeeded in breaking 1.3400 it will continue in uptrend to 1.3440 and then 1.3480 , but if the pair bounced from 1.3400 , it will continue in the down trend heading to 1.3370 and 1.3330 , good luck .
The strength in the AUD has been asserted again this week. There has been a sharp sell-off on this instrument. It’s better for speculators to find price levels by which this bearish move could be taken advantage of, rather than asking about the whys and wherefores of the market move.
the pair has closed it's daily candle above 1.3300 . so , that's means that up trend is expected and the pair might head to 1.3400 and then 1.3450 ,but also the hourly correction is expected before continue in the up trend ,
Primary trend: Bearish
The strength in the AUD has been asserted again this week. There has been a sharp sell-off on this instrument. It’s better for speculators to find price levels by which this bearish move could be taken advantage of, rather than asking about the whys and wherefores of the market move.
the pair as we can see on the chart has success in breaking the level of 1.3400 and reached the level of 1.3360 , that's mean the down trend is standing and the pair might head to 1.3330 then 1.3300 ,