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Buyaudusd

Time to go long on AUDUSDThis pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for buyers to come in while there's volatility. Reversal candlesticks on top of this support are valid buy opportunities for at minimum 80pips. Look to buy after a false breakout to the downside or after the final low.
Long
by DesharedPierreJr.
AUDUSD reversal at 23.6% RetracementThe 4H retraced to the 23.6% fib and provided a hammer which is why I wasn't hesitant to sell, even beneath the trendline. Upon the 4H close and hammer. Price immediately progressed bullish to create a strong higher high, broken correction trendline, as well as ADX mixing in to provide confluence. Intraday the 1H timeframe is a clear opportunity to go long on this pair to at least its -27% target. or the 61.8 Major fib retracement. I believe that this pair is still in an overall downtrend until its creating daily higher highs and higher lows.
Long
by DesharedPierreJr.
1
AU providing a hint for a reversalAUDUSD is currently at its lowest point since breaking out of consolidation on last week. This week it may look to re-test the bottom of the range or the neckline of a confirmed double top bearish reversal pattern. However, the case, this pair is overall bearish. The big move will come from a short. I've noticed that its currently trading around the weekly support and has performed a higher high, would be a trendline break if price wasn't moving so fast but the moving average has already crossed to the upside. If that low holds as support, I'll look to buy to the 38.2 Price reversal zone (PRZ).
LShort
by DesharedPierreJr.
AUD/USD: 15/05: Short term signal todayOANDA:AUDUSD AUD/USD refreshes the intraday high near 0.6666 as it bounces off key short-term support to record its first daily gain in three days early Monday. In doing so, the Aussie pair also justifies the recovery of the RSI line (14) from the oversold zone. It is worth noting that the bullish MACD signals also support a reversal from the two-week-old horizontal support zone around 0.6645. Even if the AUD/USD pair surges past 0.6685, the 200-HMA and the horizontal zone comprising multiple levels marked since May 5, close to 0.6756, could challenge buyers. before giving them control. Alternatively, a downside break of the aforementioned horizontal support near 0.6645 will not hesitate to challenge the late-April swing low around 0.6570. The RSI has now broken out of the oversold zone. At the same time, the MACD line has started to cross the Sinal line. These are the factors that are currently supporting the AUD/USD rally.
Long
by DNA_TradingFX
audusd buy setup for todayHi Traders, Today I am looking at AUD/USD, I can spot a very simple setup on the 30 min timeframe with multiple confluences coming into play, Firstly price has rejected a previous level of resistance at 0.7070. The price has consolidated throughout the Asian session and gave a strong bullish engulfing candle on the London open indicating that we may now have some buyers stepping in. apart from that I love that price has created a minor resistance at 0.7088 and then broken the level with a strong engulfing candle. I will be waiting for price to retest this minor support and start rejecting it so I can get ready for a buy position. I would love to see wick rejections at the level as well. I will be keeping an eye out for the minor resistance at 0.70980 It should not give us too much trouble if price begins to push with strong volume, but just stay focused. plan your trade and trade your plan. Renaldo Philander
Long
by Tradebudz