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Audusdidea

Neutral AUDUSDThis pair could either go long or short depending on several confirmations. What I see: - Price has rejected from the descending trendline 3 times. - Each trendline rejection was confirmed by either a strong support or resistance zone. - The latest formation on the daily chart is a double bottom. - Price is currently around the resistance zone, descending trendline and neck of the double bottom. - Stochastic is gradually becoming overbought. Price could either complete the double bottom formation and long towards 0.75555, or price could reject from the trendline and short towards 0.69930. I'll be waiting for a candle bar confirmation.
by PassionPipsTrading
AUDUSD Bearish!AUDUSD is still in a bearish cycle, but I think we are about to reach critical areas. On the larger time frames there is further room for even more downside to about 0.67 which I have been expecting since late last year (2021), but currently we expect the move lower to at least break the January 28 (2022) low. The 0.67 is between the 50% and 61.8% retracements of the impulsive move higher from the March 2020 low, of which from then we can expect the AUDUSD pair to resume the bullish cycle even going to just above 1.000.
Short
by pkhumalo
AUDUSD - Bearish outlook for the weekHi Everyone, I believe AUDUSD won't be able to break above 0.7100 again and will continue to fall throughout the week. Keep an eye on this idea as I'll keep updating here the key levels to look price action at, just so you make a better decision to enter sells! I will not be selling at the beginning of Market Open and so shouldn't you! Wait until you see some clear indications that the market will continue to go down. Good luck. Gaspar_Trader
Short
by Gaspar_Trader
AUDUSD Daily ForecastAUD/USD extends corrective pullback from 18-month lows, pre-RBA optimism buoys Aussie AUD/USD recovery lacks traction. Major trend remains bearish. Break above 5-DMA could see some upside. Breakout above daily cloud will change near-term dynamics. Technical Analysis: AUD/USD trades well below daily cloud and major moving averages Momentum is strongly bearish and volatility is high Price action is consolidating break below 200-week MA MACD and ADX support weakness in the pair DISCLAIMER: ((trade based on your own decision ))
Long
by Goldsignal75
AUDUSD Short Term Swing Analysis: another sell in store?Hello Trading Besties, AUDUSD dropped amazingly last week creating a new lower low on the daily and weekly timeframe. If you look closely on the 1 hour timeframe you can see it's fluctuations amazingly. If price can pullback and stay below 0.70460, this can be a great sell opportunity back down to the lower low. Only look for buys if price pushes above 0.70460. My suggestion is you add this pair to your watchlist only if you see the value in trading this pair.
Short
by ShaquanLopez