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Aususdtrade

AUSUSD (Y20.P4.E1).Short term TA.Hi All, Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out. I have 2 levels as a point of interest. The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels. USD (DXY) is currently going sideways and potentially breaking the near resistance as the chart below. This is no surprise as the stock markets and asia markets \ Aussie stock market dropped a few % yesterday. Lets see how things are in the coming days and weeks turn out. Cheers, S.SAri. MACRO structure USD index
Long
by ssari
10
weekly base Strong BEARISH correction downside towards 0.7040$Technically, AUD/USD was strongly bearish weekly base and it was expected to reach support level 0.7140$ and 0.7080$ further more downside if price break 0.7080$ we could see next support level 0.7020$ USDX's rebound has boosted the greenback which it has appreciated aggressively versus its rivals. AUD/USD is trading in a confluence area right now, so anything could happen. Sell a valid breakdown if the currency pair closes below the 0.7144 level, AUD/USD is trading currently above support level 0.7140 Still, needs confirmation before we could consider going short on this pair. Alternative if Dollar get Weak could see another higher high resistance 0.7240 and 0.7324$ 🛑SUPPORT/RESISTANCE ✅S1= 0.7140 ✅S2=0.7085 ✴️R1=0.7240 ✴️R2=0.7325 Please like, share, comments and follow me to get daily base analysis. Thank you for your support, I appreciate it.
Short
by Allmypips
AUSUSD (Y20.P1.E1).More losses to proceedHi All, Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows. Thoughts: =========================================================== Another 5% loss against the USD is forecasted to hit previous bottom. Other references: Australian-Dollar-Forecast-Key-AUDUSD-Levels-to-Watch-as-Breakdown-Unfolds Regards, S.Sari (for my reference, W.List chart)
by ssari
AUDUSD SHORT TERM LONGHey traders, this setup is going long for some short term pips. -There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips. -There is very little demand that would keep it at these levels as seen by the volume profile. -I see the green box as a nice target price for this short term long. Watch out though as this trade may sit in this yellow demand zone for a little and maybe even try to get another stop loss hunt.
Long
by Internet_Money
AUS USD Daily Chart Wave CountPlease Check my AUS USD Monthly Chart On Monthly Chart We are Long 0.70500 till 0.78000 Main Wave = E = ABC in Formation of 3 3 3 Sub wave A = abc Formation 3 3 3 We are in "a" ( The Mini wave ) a = ABC Where can Further divide ABC as below :::: A= i , ii , iii , iv , v ( In dark Green ) where 1 , ii are already complete For Mini wave iii ( In Blue ) iii would be on H1 Chart for clear view here i and ii already Complete Lets deal with iii = i , ii , iii , iv , v ( In Black ) ii Would be Complete with few more pips down at 0.70500 ( I am no more short ) I am Long from 0.70500 / 0.71000 Level Wish all of you Marry Xmas and many many Green Pips.
Long
by Elliot_Wave_Reloaded
1