AUD/USD

[Dmitriy Ushakov]

Quite the opposite AUD / USD from USD / CAD is gaining momentum in the opposite direction, I guess it has settled the level of 0.7825.

 

[Avka]

AUD is testing new minimums now. I guess here, it will break it and go to 0,7400, or there will be a rollback and up trend.

 

[Dmitriy Ushakov]

On Wednesday the Australian dollar extended gains against the US dollar, resulting in a break of 0.8005 psychological level. However, AUD couldn't settle above it because of selling in the level of 0.8028, pair returned lower to support near 0.7947. On the relatively weak labor market data in Australia the pair tested the 0.7921 level and did not stop, bears continued to press it.

 

[Dmitriy Ushakov]

At this week bull have tried to change a trend direction, but they couldn't lead the pair till 0.7825 psychological level. So bears are active now. I expect small rollback on Monday, but downward trend continues further.

 

[Dmitriy Ushakov]

Its break will put under threat of passing 0.7372. Recently this week decline of Australian dollar was stopped by support 0.7372, from which the pair went up to 0.7450. It was able to move to 0.7491,where we have interest for sale. In the short run, pressure on this pair can be preserved and bears will test this level.

 

[Dmitriy Ushakov]

On the chart of the currency pair AUD/USD we can see that the pair staged a great rally yesterday, updating the minimum and then shot up by 170 pips. Currently the pair is trading in the zone between the levels of support 0,7326 and 0,7266 and resistance levels 0,7437 and 0,7497. the pair can try to buy resistance, proposing indicators, but it is worth considering the possibility of corrective decline from the zone of resistance levels.

 

[Dmitriy Ushakov]

The currency pair AUD/USD spent yesterday's trading session in the range of 0.7165 - 0.7085, having drawn almost daily doji candle. Now on the H1 chart you can see how it is traded near the support level of 0.7130, trying to pass it. If the pair passes support, as hinted by the indicators, sale shall be open to the 0.7095 support level, and at the lower border of the rising channel you can look closely to Buy to resistance levels 0.7175 and 0.7210.

 

[Dmitriy Ushakov]

As for this currency pair, I expected its drop in the near future - as soon as today, as it is the first sign of reversal of the US dollar, and today, we have the Friday's settlement plus statistics on Australia is not very good over recent time. Maybe I'm wrong, but I am going to sell it!

 

[Dmitriy Ushakov]

The pair AUD/USD is below the neutral zone 0,7234-0,7173. The indicator continues to signal to sell. Based on the wave frame, the 4th downward wave is being formed within the downtrend. As long as the price is below the neutral zone 0,7234-0,7173, I recommend to continue to sell the pair.

 

[Dmitriy Ushakov]

Undoubtedly the pair is looking down, but entering from current prices is dangerous, so it is best to wait for confirmation of the downward trend. I will set put Sell order at the level of 0.7070, Take Profit at 0.7020. If the price goes down further, I will transfer the order into the black, and will add in position on market

 

[Dmitriy Ushakov]

Yesterday the currency pair AUD/USD was traded within the range 0.7342 - 0.7292 to the south. Now the chart shows that the pair is traded between the resistance levels 0.7314 and 0.7336 and support levels 0.7286 and 0.7264 in the ascending trading channel. Indicators point to the possibility to sell the pair toward support levels today.

 

[Dmitriy Ushakov]

Now the chart of the currency pair AUD/USD clearly shows that after the yesterday's pass to the south more than 150 points, it jumped from the bottom of the descending trading channel. Now the pair is traded below resistance levels 0.7157 and 0.7219, and indicators point to growth and opportunity to buy the pair. Selling the pair toward support levels 0.7066 and 0.7004 should be considered below the trading channel.

 

[Dmitriy Ushakov]

AUD/USD broke to the north more than 100 points, but still failed to pass the upper border of the descending trading channel on H1 and is currently traded near the support level of 0.6985. If it goes through this support, we shall consider the possibility of selling it to the level of support around 0.6937. Today's purchase to resistance levels 0.7044 and 0.7092 should be planned above the trade channel's borders.

 

[Dmitriy Ushakov]

After yesterday's decline of 95 points the AUD/USD is keeping moving in a southerly direction, beyond the channel on the chart H1, and at the moment trying to pass the support level of 0,7004. But the indicators hint at the possibility of corrective growth and long positions to the resistance levels 0,7066 and 0,7099. Sale should be considered if the pair is fixed below the support 0,7004.

 

[Dmitriy Ushakov]

After the pin bar formed on Thursday, the Australian/US dollar pair has formed a Doji pattern based on the level of 0.7100. At the moment, the pair has already walked 50 points up, I expect the pair to rise even to the level 0,7200-0,7250 and from these levels the pair is expected to start falling.

 

[trauton]

It seems to me that the asset will go for breaking the bottom line after reflecting from the upper bound.

 

[trauton]

I think that the price will pass 0.74237 level. After that, the price will go to the level of 0.75253 or further.

 

[trauton]

It seems to me that the asset will go for breaking the upper bound after reflecting from the bottom line.

 

[trauton]

I can see an excellent entrance to the AUD/USD market after reaching the 0.7376 level. The price will go up.

 

[trauton]

It seems to me that the asset will go for breaking the upper bound after reflecting from the bottom line.