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AUD/USD Approaches Daily Topside Resistance
Amid the weakness of the gold market and fraud allegations directed at Australia’s banking system, it has been a tough year for the Aussie. Nonetheless, the last two weeks have given AUD/USD bulls reason for moderate optimism.
For the USD, the economic calendar is wide open until Thursday’s U.S. CPI reports. However, there are a few secondary market-movers scheduled for the Aussie that may shake up the AUD/USD during the coming U.S. overnight session:
Event Previous
Westpac Consumer Confidence (July) 0.3%
Home Loans (May) -1.4%
Investment Lending For Homes (May) -0.9%
Amid the strife surrounding the U.K. Brexit proceedings, the Greenback has fared well against the majors but has struggled against the Aussie. A strong set of reports this evening may throw even more fuel on the fire.
https://s3.eu-central-1.amazonaws.co...2018_07_10.png
Currently, price is posting a retrace of the June high (.7676) to July low (.7310) macro-wave. As a result, two topside resistance levels have come into view:
Resistance(1): 50% Retracement, .7493
Resistance(2): 62% Retracement, .7536
Bottom Line: At press time, price has put in two proximity tests of the 50% retracement level. To avoid getting caught short in the midst of a bullish breakout, an entry from beneath the 62% retracement is ideal.
Until the Thursday U.S. CPI release, sells from .7531 offer great trade location to the short. With an initial stop loss at .7552, this play yields 41 pips using a 1:2 risk vs reward management plan.
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price level now --0.7409 --, aaj ka movement (AUD/USD ) meh kafi - strong - movement reh sakta hai, market ki movement se aaj - Uptrend - movement ke chances jayada hai,market agar is --0.7417-- level ko break karti hai toh next target rhegi --0.7422-- or isko break karne k bad final target rhegi --0.7430--. Final Support -- level rhegi --0.7391-isko break karne ke baad strong - sell - signal rhegi. Ye analysis/signal short time frame or scalpers ke liye hai.
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The current trend down movements 1.0560 but If the price break 1.0650 it s Up movements 1.0720.
so better just chk out this pair if 1.0650 buy it from my opinion
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AUD/USD
Date - 11 July, 2018.
Today signal - Buy
Support 3 - Support 2 - Support 1
0.7319 0.7366 0.7390
Resistance 1 - Resistance 2 - Resistance 3
0.7461 0.7508 0.7532
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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The AUDUSD stalled yesterday at the highs from Monday. The US $200B tariff talk sent the pair running below the 100 hour MA (blue line in the chart above). The correction up to the MA line, was the confirmation for the bears and the price has continued the move lower.
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Forex Forecast with price level.
AUD/USD - pair in focus
Current Price - 0.7403
main support level - 0.7350 0.7367
main resistance level - 0.7422 0.7439
Pair likely to be in Buy today.
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time frame - 4 Hour
currency pair - AUD/USD
buy @ 0.7393
take profit @ 0.7410
stop loss @ 0.7374
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.
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dear trader yeh aik major pair hay aur es say pay hark koi trade kerta hay kun k es ki moves bhi boht hi achi hay aur yeh trend main hi chalta hay aur es pay spread bhi boht kam hota hay es pair pay new trader bhi es pay hi trade kerty hain.......
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If a M15 close above 1.0300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0100 sell only and do not buy. If price closes back above it again do nothing
The range 1.0300 and 1.0100 is neutral area, any trade done in between is personal decision and not part of this analysis
AUD/USD had a rough day on Thursday as it both shot straight up, and then fell apart. The original move was in reaction to the EU announcement of a rate cut, something the market desperately wanted. The initial reaction was short-lived though as the statement was trumped by the news conference that Chairman Draghi gave afterwards.
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AudUsd bullish trend can continue today, now current price at 0.7385 and strong support at level 0.7365 in hourly time frame. there is possible chance AudUsd price will move to up side. then next high price is 0.7430
I suggest to entry buy with stoploss at 0.7350 and take profit at 0.7430
Spoiler: