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Audusdsignal

Time To SELL ??We are deep inside a Monthly SUPPLY/SELL zone with a strong resistance located @ 0.71 thus now is a good time to start to look for a sell signal for a move down to test the newly formed WEEKLY DEMAND/BUY zone starting at the 0.66 area. What I expect to occur over the next period is maybe a spike up to test the 0.71 the market may spike above it as could be an area where there may be some liquidty, I will wait for my TRFX indicator to give me a signal on a chart between 6hr and daily chart only then will my sell trade to be confimed. Once in the trade we should get an easy drop down to the 0.68 level which was a previous HIGH in the current uptrend this is the first easy target for the position second target will be the weekly DEMAND/BUY zone this will also be a good area to look to buy this pair again for a move up towards the 0.73 area. Enjoy
Short
by TheFxAce
16
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can rise up to the 0.7150 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6780 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.
by benny_marshall
AudUsd could rise above 0.7As I said 2 days ago, AudUsd is consolidating in a range and there is a high chance of a break above resistance. On Monday the pair indeed has broken above this horizontal level and yesterday corrected and confirmed this level as support. The structure is very constructive and up continuation is probable. The technical target for the next leg up is 0.7150, with a close eye from bulls at 0.7 psychological level. I remain bullish as long as support holds
Long
by Mihai_Iacob
3