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Audusdbullish

AUDUSD BUYAUD/USD has formed a triangle and corrective wave touching the down trend line, all we see now is a clear upside break out of the triangle to head toward the resistance channel line . . AUDUSD is also in connection to the USD which is going for short. So i will take my profits around the point 0.68600. Note . there will be a re trace so watch your trade carefully and take good profits , when it bulls out from the yellow line , take your profits 2 around 0.69400 .. AUDUSD is also still looking for momentum for bullish move , Price is still consolidating and can break the resistance level. watch this trade carefully as it can still fall for the rest of the week , FOLLOW ME HERE @FOREXHOTBOYINC AND ON TWITTER INSTAGRAM AND TELEGRAM
Long
by forexhotboy
1
AUD/USD Technical Analysis: Touch 0.7100 Then Bearish Mood ... AUD/USD is currently trading at session highs above 0.7055, having neutralized the immediate bearish view with a 0.30 percent gain on Friday. The bullish doji reversal confirmed on Friday has opened up upside towards at 0.7100. On the Other hand, If Chinese Manufacturing and Non-Manufacturing PMI drop major support 0.7000/0.6990 could test again. Audusd Sell level 0.7150 Area target 0.7010 Area. A break of 0.7075 resistance can lead to 0.7100 to the upside.However, if 0.7075 caps prices, it can lead to a decline to 0.7025 immediate support followed by 0.6990 level. AUDUSD faces recovery threats though vulnerable medium term. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. Support resides at the 0.7000 level where a breach will aim at the 0.6950 level. Below here will set the stage for a run at the 0.6900 level with a cut through here targeting further downside pressure towards the 0.6850 level. News: ====== Meanwhile, U.S. numbers impressed late last week, as the U.S. dollar made broad gains. Durable goods orders climbed 2.7%, crushing the estimate of 0.7%. Core durable goods orders gained 0.4%, marking a 9-month high. This was followed by an initial GDP release of 3.2% in Q1, well above the estimate of 2.2%. This was much stronger than Final GDP for Q4, which came in at 2.2%. AUD/USD Fundamentals: Monday (April 29) 8:30 (Feb. Data) – US Core PCE Price Index. Estimate 0.2% 8:30 US Core PCE Price Index. Estimate 0.1% 8:30 (Feb. Data) – US Personal Spending. Estimate 0.2% 8:30 US Personal Spending. Estimate 0.7% 8:30 US Personal Income. Estimate 0.4% 21:00 Chinese Manufacturing PMI. Estimate 50.7 21:30 Australian Private Sector Credit. Estimate 0.3% Tuesday (April 30) 8:30 US Employment Cost Index. Estimate 0.7% 9:45 US Chicago PMI. Estimate 59.1 10:00 US CB Consumer Confidence. Estimate 126.2 18:30 Australian AIG Manufacturing Index Daily SMA100 0.7123 Daily SMA200 0.718 Previous Weekly High 0.7155 Previous Weekly Low 0.6988 Previous Monthly High 0.7168 Previous Monthly Low 0.7002 Daily Fibonacci 38.2% 0.7039 Daily Fibonacci 61.8% 0.7025
Short
by Saleh11