AudUSd

[Obsidian 10]

I see bulish continuation so not touching it...I think the bulls may push aud/usd to 1.0500 if we trade above 1.0450..

[Obsidian 10]

close above 1.0650 means heading to 1.0760.

we may see aud/usd testing 1.0500-1.0450 before heading higher though...

[alhadi 10]

The AUD-USD moving up since Two weeks now, the pair couldn't break the resistance level at 1.06012.

 

Any correction movement will be a good opportunity to buy if the price doesn't close below the up trend on the hourly chart.

 

Good Trade

 

 

[Obsidian 10]

...

Any correction movement will be a good opportunity to buy if the price doesn't close below the up trend on the hourly chart....

 

Hi Alhadi,

those charts are a bit small to see I guess...

[Obsidian 10]

1.0370 may slow aud/usd decline as it is the bottom of the cloud and also 50% retracement...unless it climbs back above 1.0440, will be looking for shorting opportunities

[Obsidian 10]

aud/usd turned bearish on 4h chart...we may touch 1.0431-58 before reverse...waiting for a close below 1.0380 to confirm...

close above 1.0500 means the bears are dead

[Obsidian 10]

watching and waiting...I think this up move will halt around 1.0425-1.0440. But if it climbs above 1.0440, that means we may see 1.0500.

[Obsidian 10]

aud/usd...seems the bulls are dead:rofl:

reversed after hitting the clouds...shorting will be less risky imvho...

[Obsidian 10]

aud/usd...seems the bulls are dead:rofl:

reversed after hitting the clouds...shorting will be less risky imvho...

 

I doubt 1.0160 will hold this time..trading range may be tight until Friday, payrolls data...

I will be waiting a break below 1.0160 with 0.9700 target..or waiting for 1.0320 to short (if seen)...close above 1.0400 changes this scenario.

[Obsidian 10]

interesting article:

Is RBA printing money to weaken dollar?

[Obsidian 10]

follow the channel until aud/usd breaks below the trend line...Yesterday's Chinese trade balance data may give a boost on Monday...

[Obsidian 10]

1.0440 is still blocking the way..if cant break above it, obviously will break below 1.0380