AUD/USD technical analysis

predator

Member
90 1
I think that the price will reach 0.76540 level. After that, the price will go to the level of 0.75109 or further.

audusd.jpg
 

predator

Member
90 1
I think that the price will reach 0.757595 level. After that, the price will go to the level of 0.744248 or further.

audusd.jpg
 

victoriajensen

Established member
648 10
For now the pair is dropping towards 0.7450, but it all depends on the fundamentals later today.
 

arigoldman

Established member
626 10
Bearish for the week.
 

Will Duxon

Active member
175 4
View attachment 230740

If you look at the analysis I did yesterday, you'll note that the immediate trend on my hourly chart suggested scalping long positions if price dropped below 0.7595. Not only could you have scalped a few pips, you could have held on for a few dozen more.

However, at 0.7667, I suspect the pair will be pulling back a bit sometime in the not too distant future.


AUDUSDH1.png

I overlooked the inclusion of 4-hour charts in my analyses yesterday, which is why my tables had an extra row at the bottom. So what did they say?

According to my 4-hour AUDUSD chart, this pair is long, but has been prime for a pullback for the last six hours, though that is of course no guaranty it will actually materialize.

I will almost assuredly look to go long again should price drop back down to the neighborhood of 0.7586 to 0.7607.
 
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Will Duxon

Active member
175 4
I keep waiting for buying opportunities, but have only been able to grab a few pips here and there from shorting just before pullbacks. The pair never drops down to where I want to enter a long position.

The first real zones of resistance I see on my daily, 4-hour and 1-hour charts are at 0.7731, 0.7703 and 0.7701 respectively.

The levels where I would like to buy based on those same charts are 0.7568, 0.7616 and 0.7647, though at this point I might settle for 0.7658.
 

csc2009

Established member
633 17
Risk seems towards the downside, 0.7500 is a important support level, break below it means downside movement extending to a wider range.