Audusdidea
AUDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | AUDUSD is in a bullish motionAUDUSD moved out of the ascending channel .
Price action is testing support level that was respected before.
The market attempted to break the support level at 0.66500 but failed.
We expect price expansion after the pullback.
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DeGRAM | AUDUSD broke supportAUDUSD recently broke out of the ascending channel.
The price is gaining momentum; see the big red candles.
The market might create a classic breakout pullback and continuation pattern.
We expect a bearish move.
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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it.
AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. Due to this, the RBA made a RATE HIKE.
- The FED MEETING is scheduled to be held today. So be careful while trading USD CROSS PAIRS.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to 0.7100 0EVEL. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6723 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF. audusd
DeGRAM | AUDUSD is in a bullish motionAUDUSD is moving in an ascending channel .
Price action is testing a resistance zone at psychological level 0.68000.
Price made a pullback following an uptrend move, and it's likely to form another bullish equal measured AB = CD move.
We expect price expansion after the pullback.
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DeGRAM | AUDUSD short term tradeAUDUSD is currently in the range after moving out of the ascending channel .
The price is consolidating around psychological level 0.67000.
Price action is printing lower lows and lower close, indicating a bearish trend.
I expect a bearish move if the range zone breaks or a further consolidation until a new trend is confirmed.
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DeGRAM | AUDUSD at psychological levelAUDUSD moves similarly to the EURUSD.
It tested the resistance level and then created a double top.
Price is ranging around a psychological level of 0.6800.
If price makes a false break, it's likely to bounce off the level and go down.
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DeGRAM | AUDUSD at resistance levelAUDUSD tested the resistance level and then created a double top and harmonic pattern.
Price is likely to bounce off the level and go down.
The market is trading in an ascending channel and we expect testing of the lower border of the channel .
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AUDUSD buy setup4h
price is in uptrend making three touches at ascending trend line
Currently the price has brocken and closed above support and resistance level which alighn with 0.5% of Fibonacci retracement tool
1h
I will long when price retrace back and retest the support level with a valid rejection candle for extra confirmation