AUDUSD trend line breakout trading in resistance so high chance to go down
AUDUSD struggles to defend the previous weekly rebound from the yearly low as traders await the Reserve Bank of Australia’s (RBA) monetary policy decision. Although the Aussie central bank is likely to keep the benchmark rates unchanged after a surprise 0.25% rate hike in the last, it can follow the RBNZ’s hawkish action amid recently firmer Australian data and...
we selling AUDUSD as showed in the chat sl nd tp. follow for nore trading ideas
AUDUSD#4h-Bullish #Buy Setup #Risk:Reward/1:5#Go With Confirmation
looks like short term long and long term short so lets wait and play along with the market for educational services only.
AUDUSD 4 Hour Analysis (31 May 2023) 1. Price is respecting the trend 2. We have bullish divergence in AO 3. if price breaks the trend we can wait for retest for a proper bearish entry
AUDUSD remains on the bear’s side after breaking the key support line in the last week. The nearly oversold RSI, however, allowed the quote to consolidate in the last few days while the bearish MACD signals keep sellers hopeful. Hence, the Aussie pair remains vulnerable to testing an eight-month-old horizontal support zone surrounding 0.6380 while any further...
audusd is broke the h1 supply zone now price turned into up trend the price may go higher
AU on bearish trend wait for 15min choch confirmation
After repeated failures to cross the 100-DMA, the AUDUSD pair again attacks an 11-week-long ascending support line, around 0.6610 at the latest. That said, bearish MACD signals and a mostly steady RSI (14) line keep the Aussie pair sellers hopeful of breaking the stated key support. Even so, a confirmation from the 0.6600 round figure, becomes necessary for the...
AUDUSD remains pressured inside a two-week-old descending triangle after posting heavy losses in the last week. Also favoring the downside bias is the Aussie pair’s sustained trading below the 200-EMA, as well as bearish MACD signals. It’s worth noting, however, that the RSI (14) appears mostly oversold and hence the pair’s bottom-picking around the stated...
We saw AUDUSD Short Because, AUDUSD Ascending Trend Line Breakout or follow Bearish Trend .