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Aussiedollar

AudUsd - Downtrend Still Intact Last week AudUsd performed nicely taking out both targets from last week. We go into next week with the downtrend still intact and therefore further declines seen as the higher probability move. Price is re-testing broken support as resistance at 0.75715 providing a great place for the Bears to look for Shorting opportunities down towards the target and next key area of support at 0.74888. A deeper correction and re-test of the 0.76274 area of resistance would also provides a great potential shorting opportunity.
Short
by JohnFortune
Weekly doji close for GBPAUDI had already decided to short this pair before realising that this weeks candle closed as a huge doji. (!) I rode the retracement wave up towards the trendline and the 60fib, and was waiting for a rejection of this area. (yes I do trade NFP) Both EMA, 60fib, daily res and the trendline are right in this zone and it was rejecting it on the 1H timeframe before it closed below for the day. In my opinion, the price action from both 1H, 4H, daily and specialy the weekly, I say this will continue to go down next week.
Short
by mrsaetervik
2
AUDUSD Weekly Outlook 5th November 2017 NFP on Friday saw the Pair push lower again back into the Monthly key level. We can still see signs of rejection in this area which shows it still has some potential to reverse from this level. We have had an ABC pattern complete, we also have a 0.618 fob in this area which gives us the a,b legs of another potential move upwards. On the Daily we are in the area where there could be a further push down to test this area or reject will wait and see how the market opens but with the cross of EMA's on the Monthly chart this could just be a corrective move before we move upwards
Long
by Wonour