AUD/USD bouncing up nicely, remain bullish Price has started to bounce up really nicely. We remain bullish above 0.7441 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above the 5.1% where stochastic is bouncing up nicely from and also sees bullish divergence versus price signalling that a bounce is impending.
Audusdbullish
H&S pattern within' H&S pattern?... 4HR AUD/USD AnalysisTechnically speaking this pair should be on the upside near term. Longer term to test the 52 week high as of 25/3/2017, the .7890-7920 level. Out on the daily a simple TCT trade is easily visible. As RBA Interest Rate decision draws nearer it maybe the definitive factor in pushing this pair to newer highs and higher lows. My eyes are on this opportunity for sure.
AUDUSD short term positionMarket price has been on a steady uptrend since the 5th of 2017 but momentum stoped its upward move on the 17th of this month. Momentum has been creating lower highs and higher lows since then. Momentum came back up to test the .001 level and is looking to break the lower trend line. On a break of the lower tend line a short position will be available with the 200 EMA (blue) acting as a TP.
0.74466 VS 0.75664 = Fight!!! ;)#include
using namespace std;
int main()
{
setlocale(0, "");
double num;
cout << "0.75267 ";
cin >> num;
if (num < 10) { //If the price breakthrough the price 0.74466 = short term Downtrend
cout <<
} else { // If the price breakthrough the price 0.75664 = short term Uptrend
cout <<
}
return 0;
}
AUDUSD IntradayPivot: 0.7575
Most Likely Scenario: long positions above 0.7575 with targets @ 0.7640 & 0.7660 in extension.
Alternative scenario: below 0.7575 look for further downside with 0.7540 & 0.7520 as targets.
Comment: a support base at 0.7575 has formed and has allowed for a temporary stabilization.