AUDUSD SHORT TRADE SETUPThe 4-hour right side is down against 12/31/2019 peak (0.7030). 1 hour is turning down against 0.6571 high. Near-term, while bounces fail below 0.6571 high and more importantly below 0.7030 high expect pair to extend lower.
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BUY AUDUSDHERE IS A GOOD BUYING OPPORTUNITY EMERGING AGAIN IN AUDUSD PAIR. IT'S BULLISH GUYS, WE CAN TAKE A LONG FROM HERE TO TARGET OF 0.65300
ANOTHER BULL RALLY WILL BE HAPPENING SOON. :)
AUDUSD WEEKLY FORECAST 27th April to 31st AprilThe weekly right side is down against the 1/26/2018 highs at .8130. The daily right side is down against the .7029 highs from 12/31/19. While bounces fail below .6445 where the 4 & 1 hour are turning down the pair can continue to see weakness lower.
AUDUSD: SELL at 0.70655 SL 0.71002 Target 0.69776AUDUSD is a strong sell since its being sold into since past few days and is in down trend on daily charts.
Sell AUDUSD at 0.70655 with Stop-loss of 0.71002 and Target of 0.69776
AUDUSD for the week AUDUSD was on clear down trend from last week but today it got a firm support from fibo 50 % and support 61 of weekly pivot. If you see previous chart it has bounced from the same price 3 times in a row before breaking it
in the current scenario if price breaks lower than 50%fibo the firs target be 0.7297 and 0.7214
in alternate situation a bounce above the price 0.7373 will call for 0.74458, 0.7528
from my experience of few years whenever price breaks weekly pivots it tends to hit the first and second resistance or support
Happy Trading
