Technical Analysis AUD/USD

AUD remains locked in a range below the 0.75 figure against its US counterpart as prices await defined direction cues. Short-term resistance is at 0.749, a break above that on an hourly closing basis exposing 0.7530. Alternatively, a turn below 0.743 clears the way for a challenge of 0.74.

Technical Analysis AUD/USD

Awaiting a pull back for correction into slight up trend.

Technical Analysis AUD/USD

The Australian dollar may be readying to turn lower anew against the US dollar anew. Short-term resistance is at 0.765, with a break above that on an hourly closing basis exposing the resistance at 0.77. Alternatively, a reversal below 0.76 opens the door for a challenge of the support at 0.755

Technical Analysis AUD/USD

AUDUSD trades in a 1H uptrend (higher highs/higher lows) and remains within its 4H trading range. ORDER buy on a break above 1H rage highs at 0.7576, targeting the previous pivot high at 0.7635, with a reasonably stop approximately half way within the previous trading range.

Technical Analysis AUD?USD

The AUD may be forming a V bottom top against USD. A break of 0.750 would complete the pattern and yield an objective of 0.76. Alternatively, a turn below the 0.7440-50 area opens the door for a challenge of the support at 0.74.

Technical Analysis AUD/USD

Major trend to the downside looking for pull back to the 50% fib which is also last Fridays close. With stop just above the 61.8% and MA and Target at 3x risk. There will be plenty of support on the way down so risk will be managed closely.
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Technical ANalysis AUD/USD

AUD remains locked in a range below the 0.755 figure against its US counterpart as prices await defined direction cues. Short-term resistance is at 0.75, a break above that on an hourly closing basis exposing 0.7550. Alternatively, a turn below 0.745 clears the way for a challenge of 0.74.

Technical ANalysis AUD/USD

The US Dollar broke the 0.752 resistance against the Australian dollar. Buyers are now aiming to test resistance at 0.755 with a break above that exposing the 0.7590-98 area. Alternatively, a reversal back below 0.75 opens the door for a challenge of 0.745.
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Technical ANalysis AUD/USD

Aussie has closed the gap down and surged higher. Playing to the trend looking to enter on the pullback at support 0.7502 which is also the 50% fib retracement stop just below support at 0.7485, Target is set at 3 x risk however with resistance at 0.7520 we will keep an eye on price action and adjust risk accordingly.

Technical ANalysis AUD/USD

A possible Long position can be taken off the highest up trending trend line with entry near the middle Bollinger band. Stop to be placed below the 61.8% fib level.

Technical ANalysis AUD/USD

Playing to the major down trend on the Aussie have the recent Brexit has shook the market up the Aussie rallied up to the 50% fib retrace we are looking to short and ride the trend down. With our stop just above next swing high and resistance and target at 3x risk we will closely monitor this trade taking off risk asap and locking in profit as the trade moves in our favour.
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Technical Analysis AUD/USD

I will enter AUDUSD long if it bounces off the lowest uptrending line and a possible stop loss can be placed under said trendline and the 61.8 fib level. However, if AUDUSD breaches the lowest uptrending line, I will take a short position off the down trending line with a possible stop above the latter line and the fib level of 61.8.
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Technical Analysis AUD/USD

A possible short position can be taken at R2 just slightly under the 100 fib level. Profit could be targeted at the middle Bollinger band of around 0.74625.

Technical Analysis AUD/USD

A possible short position can be taken off the 50 Fib level at around 0.73776. The stop loss should be placed just slightly above the higher higher of a previous candle at around 0.7383. Profit should be targeted at the middle band around the 0.73560 level.

Techhnical Analysis AUD/USD

The Australian Dollar turned higher against the US Dollar after finding support at 0.744. As long as price is contained by the channel support, upside remains possible. But a convincing closing 1H bar below 0.74 is needed to trigger another leg lower in the AUDUSD.

Technical Analysis AUD/USD

AUDUSD in consolidation mode after rising above 0.735 level. An hourly close under 0.7315 expose support at 0.73. Alternatively, a reversal above 0.7370 clears the way for a test of 0.7420.

Technical Analysis AUD/USD

We monitor a constant downward movement of the price, therefore i recommend going SHORT after the 2nd penetration of S1.

I am watching two pattern formation on the AUDUSD, the first one a Bat with buy entry @0.72251 and the second one a Cypher with a deeper entry @ 0.72000

Technical Analysis AUD/USD

After such a large monthly move down on the aussie we are expecting a bounce and looking to enter on a pullback of the current short term up move at 0.7215 ( area shaded yellow ) which acted as both support and resistance in the past. S/L ( area shaded blue )placed under previous support at 0.7205 and TP at the round number mark of 0.7300. Gives a risk reward ratio of around 8 R. For those who may not want to wait for a pullback if and when it happens then an entry at 0.7230 could be considered with the same s/l and tp. This would still allow a potential risk reward of 2.8R.

Technical Analysis AUD/USD

The Australian Dollar may be readying to turn higher against the US Dollar as prices carve out a double bottom chart formation. A break above 0.722 expose the level at 0.725.
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