Audusdbuy
#AUDUSD, The Australian dollar on the way up?A descending channel that reminds us of a bit of the eurusd graph.
Here, too, every time the audusd touches the yellow line (200 moving average) the price goes down and down more than last time.
The target is 0.6950! There is a small obstacle on the way is the resistance of the Ichimoku cloud at 0.687.
Buy Signal!
AUDUSD approaching resistance, look out for potential reversal!
AUDUSD is approaching its resistance at 0.68689 where it is could reverse down to its support at 0.68363.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD Market Outlook | Alchemy FX Weekly Breakdown.AUDUSD
Looking very bullish right now, 0.67 seems to be holding nicely as support. Overall AU is weak but for the time being it is looking bullish. I believe a retest of 0.69 could be coming next. Do we have enough pressure to continue climbing or will we roll over and retest 0.67 once more.
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AUDUSD approaching support, potential for a bounce!
AUDUSD is expected to drop to 1st support at 0.67740 where it could potentially react off and up to 1st resistance at 0..68345
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.