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Audusdsell

AUDUSD Short Term Swing Analysis: another sell in store?Hello Trading Besties, AUDUSD dropped amazingly last week creating a new lower low on the daily and weekly timeframe. If you look closely on the 1 hour timeframe you can see it's fluctuations amazingly. If price can pullback and stay below 0.70460, this can be a great sell opportunity back down to the lower low. Only look for buys if price pushes above 0.70460. My suggestion is you add this pair to your watchlist only if you see the value in trading this pair.
Short
by ShaquanLopez
More pain to come for AUDUSD and its risk on friends.There is going to be more pain to come for AUDUSD and risk on assets across the board. Next week we will expect to see more hawkish tone from the FED and this will push markets lower. After that I expect to see some sideways indecision and the markets to start reversing to the upside in March after the fed starts to raise rates. We will set up to for a short at around 0.71, this is level where I see a strong dump to 0.675.
Short
by IkanBilisCapital
AUDUSDI wrote on Monday last week that we had a pivotal resistance level at 0.7223 still in play. I thought that a bearish breakdown below approximately 0.7190 would complete a bearish head and shoulders candlestick pattern and suggest the price would continue to fall. This was a good call as the resistance at 0.7223 held firmly when it was reached, giving a profitable short trade opportunity. The technical picture has changed over the past few days, with risky assets (mostly stocks) making strong selloffs before rebounding late yesterday. This risk-off then recovery movement was naturally replicated in the Australian dollar, which is a key risk barometer currency. We saw the price plunge then bounce strongly at the support level at 0.7102 confluent with the round number. There are clear, obvious resistance levels above, with the nearest being 0.7170, which held the price just a few hours ago. The price is now trading in the middle of this range and waiting for direction. Risky assets are looking weak and prone to further falls, due to worries over the Fed’s tightening of monetary policy and the prospect of a military conflict between Russia and Ukraine. These fears are likely to determine whether the price eventually breaks below 0.7100 and continues to fall, or whether we start to see a gradual recovery and rise. I would be happy to take a short trade from another bearish rejection of 0.7170, or a long scalp trade from another bullish bounce at 0.7100, but such a scalp should be carefully monitored on a low time frame.
Short
by SmoothJB
2
AudUsd- Genuine break of support?The long-term trend for AudUsd is clearly short with the pair dropping for almost a year now. After reaching 0.7 important figure, AudUsd has started to correct higher and had a local top at 0.73 resistance. The rise from the bottom is corrective in nature and is drowing a flag on our daily chart, on Friday we have a break under this flag's trend line resistance and also under horizontal support at around 0.72. This seems to be a genuine break and I expect continuation. The first target for bears can be 0.7
Short
by Mihai_Iacob
8