AUD/USD technical analysis

predator

Member
90 1
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.

audusd.jpg
 

arigoldman

Established member
626 10
Watching this pair closely.
 

predator

Member
90 1
You're probably right that price will pull back from here but beware of labels like resistance. A label can make a thing seem more significant purely because it has a label attached. Resistance is where price stops rising because of previous market action, not where price simply stops for the weekend.
Ok, thank you for pice of advise)
 

predator

Member
90 1
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.

audusd.jpg
 

mlawson71

Active member
154 3
Well, it's still climbing today. I think we might see it recover most of the drop after Brexit, which is really surprising.
 

tomorton

Legendary member
7,967 1,163
Went long 01/07 using breach of 50EMA and prior day's hammer as bullish indicators. Probably a bit late to open new long right now.
 
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