The weekly right side is down against the .8130 highs from 1/26/2018 & the daily right side is down against the 1/31/2019 highs at .7299. The 4 hour is favored to turn up soon when the pair corrects the cycle from the .7032 highs from 12/31/19 & while below there expect the pair turns back lower.
The 4 & 1 hour is turning up against the .6674 lows. While above there the pair can see a bounce to correct the cycle from the 1/26/2018 highs at .8144 where the daily right side is down.
AUDUSD has rebounded from the falling wedge pattern in which it has been moving from past one year. The bounce was supported by the positive divergence between the price and RSI indicated by blue lines. The upwards thrust can bring the prices to 0.68676. The stop loss for the entire trade will be at 0.66582.
Hi Friends, AUDUSD trading near to the channel support, As per wave analysis B wave is going to complete. I am looking for wave C upside with target of 0.6835. ENTRY & EXIT SIGNALS LONG @ 0.6710 -- SL -- 0.6650 -- TP @ 0.6835
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...