Dismal Australia trade data along with widespread risk aversion weighing heavily on the high-yielding Aussie. Bears tightened their grip pushing AUD/USD to fresh five-day lows at 0.7570. Australia's trade deficit expanded from $3.16 billion in January to $3.41 billion in February, against expectations of a $2.44 billion gap. Asian indices trade weaker,...
With AUDUSD being in a strong bullish uptrend since the start of 2016 we are only looking to play this pair to the upside. In order for us to get a signal to go long on this pair we will need to see price action break above and close above the current trend-line resistance on the hourly chart with confluence from our price action forecasting algorithm predicting...
Aussie bears taking control after disappointing data from Australia earlier today. Australia's Feb retail sales came at 0.0% m/m vs 0.4% expected and 0.3% last, a big miss. AUD/USD saw a 30 pip slump post data from 0.7668 levels to around 0.7638. Technicals on 2-hourly charts indicated downside for the pair. Stochs and RSI are biased lower. Strong support seen...
Reference: MIDAS Technical Analysis by Andrew Coles and David G. Hawkins DeMark Indicators by Jason Perl
AUD/USD was dragged down by risk-aversion in early Asian session, the pair slipped from day's highs at 0.77 to hit lows of 0.7647. The Aussie attempted a minor recovery after Chinese PMI data helped cushion the downside in the prices. The Chinese Manufacturing PMI rose from 49.0 in February to nine-month high of 50.2 in March. While March Caixin manufacturing...
Right now GOLD is following a predicted standard Elliott Wave corrective path. To confirm this it has to drop to the 1200.00 area or lower. From there watch for a reversal. This will play out in the CAD and AUD pairs if it does so. AND the S&P could have a sharp move if this happens as well. NOTE: If it goes UP from here then the correction may be over. BUT I...
as long as the main trend is up. we are looking for a new high. the best entery is after making a breakout
AUD USD GO SHORT AFTER PULLBACK TARGET 0.7383
Just waiting for price to complete a Fibonacci retracement [back inside the 33%-38% Purple Zone ] before adding additional Buy positions. There is horizontal Support around 0.7360 so from there we look to hop back aboard the fast moving train and follow the "current" path of least resistance :) The next major train station is near the 0.77740 price area (the...
AUD/USD pops higher on RBA Steven's, retakes the 0.76 handle, we see scope for tests of 0.7650/80 levels. RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur. Stevens said that Australia's economy improving, financial system more resilient and picking up at turn of the...
AUD/USD downside has tested 0.7568, and has edged slightly higher. 0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7545 and then 0.75 levels. Upside is being capped by 4-hourly 10-DMA at 0.7589, break above 0.76 could see gains upto 0.7650. Hourly charts show some momentum higher, Stochs show a rollover from oversold and RSI...
Significant gains in commodities and a broadly weak Greenback supported upside in AUD/USD. The pair largely ignored weak Jobs data and has hit session highs at 0.7680, breaking above resistance at 0.7648 (Double top Apr 14th and July 3rd). Immediate resistance and supports are located at 0.7724 (rising channel top) and 0.7639 (4h 5-DMA)...
Aud-Usd resistance and support levels are mentioned in the chart.Price rejected nicely from previous resistance.Expecting some corrections here and then down atleast for a perfect intraday trade. Disclaimer ! This is just a technical analysis.Trade at your own risk if ideas presented here match with your view.
I believe we are at a pivotal moment for the AUDUSD depending on the next 1 or 2 candles. The yellow line above was a major support level in the past for the head and shoulders pattern and was also validated a few more times after that before break at the neckline. If price stays above this neckline in the next couple of candles, I predict the AUDUSD will...