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

[victoriajensen]

The pair formed a double top around 0.7670 and, unsurprisingly, started moving to the downside. Next target is likely at 0.7580.

 

[victoriajensen]

The pair continued falling to 0.7560 before bouncing off from that level. Next week the move to the downside may continue.

 

[izzy_63]

The pair is trading almost flat just above 0.76 level, consolidation is likely to continue within a range between 0.7560 to 0.7680.

 

[victoriajensen]

The sideways consolidation continues for now but the fundamentals this week will likely end it quite quickly.

 

[victoriajensen]

The pair testing the support at 0.7600 and it may continue falling towards 0.7560 again.

 

[victoriajensen]

It bounced off from 0.7560 and it may rise towards 0.7630 once again.

 

[victoriajensen]

The pair continues moving to the downside and it is very likely to break out below 0.7500.

 

[victoriajensen]

It broke out below 0.7500 and continues moving to the downside, next week it may even fall below 0.7400.

 

[izzy_63]

Immediate support can be found around 0.7420/25, break below would lead to further downward movement, 0.7400 is important handle.

 

[victoriajensen]

The pair is testing the support at 0.7410 and unless it forms a double bottom at that level it will likely continue falling.