AUDUSD fluctuates around 0.7054 and the negative impact of the head and shoulders pattern remains effective, awaiting the resumption of the bearish trend whose targets begin with a break of 0.7020 to open the way towards 0.6920 as a next stop.
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AUDUSD fluctuates around 0.7054 and the negative impact of the head and shoulders pattern remains effective, awaiting the resumption of the bearish trend whose targets begin with a break of 0.7020 to open the way towards 0.6920 as a next stop.
Technical analysis for this pairs
aud/usd analysis for 30.12.2018
( AUD/USD ) price sell (minimum) is 0.7327
or buy (maximum) 0.7236
AUD pair in spite of everything continues to rise, the rate now approached the upper limit of the long-term channel, while I consider corrective movement to the south of this level, I do not think that the price will be able to overcome it.
According to the pair yesterday forecast a good result. price after the breakout of the continued rise of nearly 750 points. today continue to consider buying. on the four-hour timeframe I see that all the lights are still giving a buy signal. on the hourly chart also has a bullish price trend. recommend buying a higher level of 0.91836 with a stop at 0.90794
The candle price (on yesterday) can break up\. And we see there is was formed two bulls candle on yesterday. So, on my simple look - price now try to max. bulls till that resistance again = to test again that level 1.0443. So, of course - it's good idea to search and take Buy OP with TP before that resistance line.
the most likely scenario
the pair can move up to test the 1st resistance on 1.0480
alternative scenario
the pair can move down to test the 1st support on 1.0450
Able to pair the Australian dollar against the U.S. dollar return to the channel rising again after that found strong support at 1.0215, after the daily close above support this channel, we expect a continuing upward trend in the long and intraday levels, which initially targeting 1.0465 then 1.0550
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Stability above 1.0215 is the most important factor for the protection of positive expectations.
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Expected trading range for today is between: Support and Resistance 1.0215 1.0550
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General tendency is expected for today: rising
The AUD / USD has stumbled yesterday on resistance located at 1.02.
The course was immediately plunged to 1.01 and stabilizes currently below that level.
The price is still above the upward sloping (blue line on the graph).
Indicators are now somewhat mixed.
We will remain neutral on parity as the course will be located between 1.00 and 1.01.
We advise to go / not to treat more than the positions in the direction out of this range of quotations:
- Long recasse 1.01 if the price up.
A break of 1.02 will then upward a new buy signal.
- Short breaks 1.00 if the price down.
A break out of 0.99 will then offer a new sell signal.
AUDUSD moved sideways yesterday, prices moved in a narrow range. LSMA even changed color several times. but still dominated by the seller. This morning when tokyo open, the price moves up and is above LSMA. weakening trend down, but it looks LSMA still red. buy it if you want to open, then specify the take profit is limited. keep an eye on the daily high area, close before london open.
TODAY'S TECHNICAL LEVELS: Resistance 3: 0.9180. Resistance 2: 0.9150. Resistance 1: 0.9140. Support 1: 0.9090. Support 2: 0.9070. Support 3: 0.9045.