AUDUSD (long) breakout today - did anybody catch it? Lots of confluence

[victoriajensen]

The pair tested the resistance at 0.7800 yet again but was unsuccessful in breaking out above it, it will likely fall back towards the support at 0.7750.

 

[AngieB]

The upside remains capped by the psychological 0.7800 mark, which was tested last week although bulls couldn’t fight it. Should the pair succeed to break this level, next resistance is provided by the 50% Fibo of above mentioned retracement at 0.7820. On the flip side, immediate support is provided by the 20-day SMA at 0.7770. In case Aussie close below this area, bears would meet again with the 61.8% Fibo at 0.7745.

 

[victoriajensen]

The pair broke out below 0.7750 and continues moving to the downside, next target is likely at 0.7700.

 

[victoriajensen]

The pair is at 0.7655 and if it breaks out below that level it could continue falling towards 0.7520.

 

[izzy_63]

The pair is at 0.7655 and if it breaks out below that level it could continue falling towards 0.7520.

The pair could push lower.

 

[victoriajensen]

The pair could push lower.

I agree, the last low is at 0.7500, so it could reach that level too.

 

[victoriajensen]

The pair is still consolidating above 0.7575, but there should be a breakout to the downside soon.

 

[victoriajensen]

AUD/USD finally broke out below 0.7575 and the move to the last low at 0.7500 continues for now.

 

[AngieB]

It seems that bears are now aiming 0.7500 handle.

 

[victoriajensen]

The pair is consolidating sideways above 0.7550, but the move to the downside may still continue.