AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical...
Right on the chart you can see AUDUSD seems moving within a downward channel. The area between 0.7530 & 0.7510 is a swing low area. I have a strong sense that market might go down from there to 0.7450 area. After that it can show consoliadtion. But my bias is bearish until it breaks the lower high formation. Also by removing the lower low, 0.74 area, will push...
AUDUSD Short Setup Classic head and shoulder pattern A short entry at the trendline or zone after a pullback is more favourable. After a year's long of impulse movement upwards (Mar'20 - Mar'21). Now it seems like price is finally making a significant correction down. hence the said pattern is forming
This is a great oppoturnity for sell for AUDUSD pair. The price currently hitting the daily Supply Zone and returning to the downside. However, maybe little retracement to the m15 supply zone may occur. The bearish formation may occur at least until they meet the m15 demand zone. This zone still not too strong for fully bullish chart. My opinion is it will go...
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AUDUSD Short Setup Similar movement to AUDJPY. Price is sitting at a critical zone. A double top is expected with a clear rejection candle off this zone. Multiple targets are set if a sell is valid