Audusdanalysis
DeGRAM | AUDUSD short term tradeAUDUSD is currently in the range after moving out of the ascending channel .
The price is consolidating around psychological level 0.67000.
Price action is printing lower lows and lower close, indicating a bearish trend.
I expect a bearish move if the range zone breaks or a further consolidation until a new trend is confirmed.
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AUDUSD - Sell off started ✅Hello traders!
‼️ This is my analysis on AUDUSD .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect the continuation of bearish price action as price filled the imbalance and rejected from bearish orderblock.
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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it.
AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.7050 0EVEL. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
DeGRAM | AUDUSD at psychological levelAUDUSD moves similarly to the EURUSD.
It tested the resistance level and then created a double top.
Price is ranging around a psychological level of 0.6800.
If price makes a false break, it's likely to bounce off the level and go down.
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AudUsd could rise towards 0.7After breaking above 0.65 resistance, AudUsd accelerated its gains and reached a local top at 0.68 in mid-November.
For the last 2 weeks, the pair was in correction and consolidation and has put a nice symmetrical triangle on our chart.
As long as the price stays above the up-mentioned resistance/now support, bulls hold the upper hand, and odds are in favor of continuation to the upside.
Buy dips against 0.65 could be a good strategy with a focus on R:R
AUDUSD Analysis Bearish Opportunity-Price found support at the monthly demand zone and formed a double bottom.
-Price then made a series of Highs and Lows as it began it's bullish push
-Price then met resistance and closed Friday candle as a doji, hinting at bullish exhaustion.
-The large bearish candle of today closing further confirm that price is ready to make a move to the downside.
-Price also formed a double top pattern, which is a bearish reversal candlestick pattern.
-I am expecting price to make a retracement to the 50.0 Fib level, which also will test the previous high.
-A test of this previous high is also a test of the neckline of the previous double bottom.
-A retest and respect of the previous high 50.0-61.8 fib level will serve as a higher low.