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Good evening, friends. At the moment, the pair AUD \ USD can say the following:
Couple things go south trend. Tomorrow for important news on the Australian area. Perhaps this news Fractures current trend in the time interval of H1. We'll wait until tomorrow.
I think AU/USD is set for bullish trend now, moving toward 1.0525. However London session will shed more light on this
With 1.0528 minor resistance intact, AUD/USD's fall from 1.0612 is expected to continue for lower channel support (now at 1.063). Break will affirm the bearish case that whole rebound from 0.9588 has finished and should target 1.0176 and below. However, considering that AUD/USD is still staying inside the channel, above 1.0528 will dampen the bearish view and suggest that another high above 1.0612 would be seen before the pair finally tops.
The trend to the north resumed, the price of 4 hour chart has managed to break the Ichimoku cloud top, while waiting to buy a good point each, but my goal has become a resistance level around 0585.
!!! The AUD / USD-hour schedule moves down a couple of waves ... now rolled back to the moving average with a period of 200, plus there is also sloping trend line is down, so my opinion - to be continued downward movement on this level ... 1.0510-20 ....
AUD / USD pair is still holding back the growth of the resistance level of 0520, while the trend is going to weaken the dollar, and to wait for breakout 0520, paving the way for further growth in the flesh to the strong figure of 0600.
i think that we should buy AUDUSD now as we have a support level on the daily chart @61.8% so i predict that this pair will move upward on the short term our target point will be @100%.
Although the AUDUSD is in a downward movement, but i think it is a neutral condition, we can see the MA100 is flat. So may be it will be bounce up after touch the support level 1.0442. Then, if this pair can close above the pivot (1.0481) again, the pair may rise towards 1.0521.
after more bearish in the past few hours , the pair has just reached the bullish trend shown in H4 chart , so i think there is a chance to start buying near this trend and with a small stop lose few pips below it , as it is expected to reverse and continue upward till reach the resistance level @23.6% fibonacci ,
Attachment 3887
No change in AUD/USD's outlook. With 1.0528 minor resistance intraday, the fall from 1.0612 is still expected to continue. Break of lower channel support (now at 1.0380). Break will affirm the bearish case that whole rebound from 0.9588 has finished and should target 1.0176 and below. However, considering that AUD/USD is still staying inside the channel, above 1.0528 will dampen the bearish view and suggest that another high above 1.0612 would be seen before the pair finally tops.