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AUD/USD. The bias is neutral in the nearest term, immediate support is seen around 0.7640, while immediate resistance around 0.7730. A clear break below 0.7640 area would bring the price down to test 0.7600 area, before targeting 0.7570. On the other side, a consistent break and movement above 0.7730 should trigger bullish momentum to test 0.7785 area.
Trading the Australian dollar against the US dollar trading yesterday after passively stability below SMA 50, which supports the continuation of the downward tendency that exists when the next main objective 0.7560.
aud/usd today's evening time analysis basis on stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 8.31
signal : 6.61
adx(14)
adx : 35.74
+di : 14.25
-di : 21.10
so we see the market
condition : bearish
overall trend : down
timeframe : m15
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Fibonacci 50 which coincides with the correction at 0.7665 area has been untouched. The next bet the market will lead to Fibonacci 161.8
Recommendation: Sell
In general, we will continue tipping negative trades in the coming period as long as the price is below the level of 0.7740, where the breach of this level will push the price to re-test the 0.7860 level directly.
Australian dollar pair appears against the dollar some tendency rookie slight influenced positively Stochastic, and who loses these positive ****ually heading towards overbought areas, thus supporting opportunities bounce price down for the resumption of the downward trend, which depends on the stability of the price below the level of 0.7740, waiting to go about 0.7560 level as a major goal first.
bhai waise to main AU par trading bahut hi samay se nahi kar raha hoon, lekin up trend tha to iska trend ab change ho gaya hai, down ho gaya hai, idher trading mein humare ko acha trend follow karke trading karna hota hai bhai.
aud me central bank esko dollar ke against weak ke liye welcome kahan tha aur 0.7500 ka sahi rate bataya tha aur ye pair abhi down kal hua hai because of strong nfp abhi esme buy 40 pips ke liye aap kar sakte hai..
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: In the last Friday, the market broke through the Fibonacci 161.8, and then will go to the Fibonacci 261.8 which also intersect with a third support at 0.7515
Recommendation: Sell
AUD/USD. The bias is bearish in the nearest term testing 0.7590 area. A clear break below that area is needed to trigger further bearish momentum targeting 0.7540. On the upside, a consistent break and movement above 0.7635 area would bring the bias back into neutral as the direction become unclear, potentially testing 0.7680 area.
Spoiler: