Audusdbuy
AUD/USD Price Outlook; Bears confirmed?AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears.
Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
AUDUSD approaching resistance, look out for potential reversal!
AUDUSD is approaching its resistance at 0.68354 where it is could reverse down to its support at 0.65568.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD to reverse from downside confirmation, potential drop!
AUDUSD to reverse from its downside confirmation at 0.65700 where it could potentially drop further to 0.64861.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
My analysis on AUDUSD. An opportunity to LONG.Using the elliot wave theory, I envisioned the future price movement for this pair. As a conservative trader I will wait for a complete breakout of the resistance line(zone) to make the new wave 1 and wait for retest which is the new wave 2. Then we can go bullish on this trade. Entry will be 0.65873 and possible exit will be 0.7000.