Aud/Usd

we can notice from the chart that the pair has closed under 1.0400 , that's mean the down trend is expected and the pair might head to 1.0340 then 1.0300 , however the pair made a hourly correction

If a M15 close above 1.0408 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1.0354 sell only and do not buy. If price closes back above it again do nothing

The range 1.0408 and 1.0354 is neutral area, any trade done in between is personal decision and not part of this analysis

The Australian currency, nicknamed Aussie, dropped from the highest level in more than two weeks against the dollar after the Asian equities slumped, increasing investors’ fears about the global recovery, and curbing demand for higher yielding currencies.

audusd moves shorttermly like eurusd. So USD create those moves.
It touches 1.055 and it seems like by eurusd, this is just correctional move inside
larger bearish pressure. Iam expecting it will move like eurusd shortetrmly. So later today
or in monday another sell position is likely.

The massive losses in the European stock indices didn’t do much to help the trader sentiment, and when traders are becoming risk-adverse, they leave commodity related currencies hand over fist. The Aussie is no exception.

the chart is showing that he pair has succeeded in breaking the level of 1.0400 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.0450 and then 1.0480

the chart is showing that the pair has succeeded in closing it's daily candle above level 1.0400 , and that's mean the up trend is still standing and the pair might head to 1.0450 and then 1.0500

audusd for next week:
Pair almost reaches top of the wave in friday. Technicly it can move a bit more higher before
substantial reversal but in general Iam still bearish on this pair. If fridays top wasnt top of this wave
we can expect a bit higher level than firays top next week, but after that Iam expecting
substantial downside move below fridays bottom. It could happen in the first days or middle of next week, before
another correctional move to the up. My view in general is bearish.

AUD/USD rebounded further to 1.0601 last week but failed 55 days EMA and reversed. Such rebound might have completed already and intraday bias is mildly on the downside for retesting 0.9926 support first

This pair and other pairs experienced powerful movements this week – moving alternatively up and down, and very fast. I sold short last Friday.