long positions at 1.0213 with 1.0272 and 1.0323 as next targets
the breakout of 1.0168 will call for a rebound towards 1.0115
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long positions at 1.0213 with 1.0272 and 1.0323 as next targets
the breakout of 1.0168 will call for a rebound towards 1.0115
AUD/USD has broken the support level around 1.0320 with strong Bear candle yesterday....as seen on 4 Hour chart, we see minor support around 1.0240 to hold Bearish move to the next key support level.
Updated
Being husband Australian dollar against the U.S. dollar maneuvers around critical support level 1.0215, which represents a barrier delicate first holds the key to the point of price following, as we argue in the morning, the neutrality required now in order to monitor the disposal price critical levels, which have been clarified in detail in the previous report.
Expected trading range for today is between: support at 1.0000
and resistance 1.0400
Couple almost effortlessly today broke sloping support level, then fell on the very south, the nearest support level is about 0160 + - from which you can try to shop with a short stop.
Spoiler:
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Option: SELL
Take profit: 1.0172
\\\\Analyzed weekly schedule everything falls into place, formed a reversal formation, "double top" and now is the southern continuation of formation wave that started back around the inclined level, we can now talk about the beginning of a new trend.\\\\
http://img690.imageshack.us/img690/6370/imageab.gif
The pair continued AUD / USD decline today, exceeding the 1.0252 resistance level and closed below it the support of the SMA 55 which continues to pressure at a higher price
Stochastic still refers passively short period of time and therefore is expected to exceed the price support level 1.0144 soon to continue the trip landing
Close above 1.0318 levels will pay the price for a new bullish wave
This week aud usd currency pair has declined very strong.view of the condition h4 still showed a strong bearish pattern and if there is movement up and I guess it's just a correction that The next will be forwarded bearish reversal
vote sell from now
AUDUSD is in consolidation and moving between the support and resistance level. I think the bearish movement still strong and AUDUSD has a potential to continue falling again today to the support level at 1.0163 or lower. But maybe some correction to 1.0252 resistance level may happens first.
extended impulse wave down 1.0149
It may meet resistance in 1.0216 - 1.0227 zone for a drift down to 1.0185 zone, after which bounce to 1.0257 is anticipated.
Warning: Imminent end of bearish move
Technical points
Key point 1.0162
Entry point 1.0195
Elliott 1.0474
Closing 1.0216
Projection 1.0149
Trendline 1.0271
Trendline 1.0160
Supports / Resistances
Res 2 1.0298
Ex-High 1.0268
Res 1 1.0257
Pivot 1.0227
Sup 1 1.0185
Ex-Low 1.0196
Sup 2 1.0155