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

[victoriajensen]

The move to the downside continues, next target will probably be around 0.7300.

 

[victoriajensen]

The pair is consolidating above 0.7350 but there is no indication that the move to the downside is over.

 

[victoriajensen]

It formed a double bottom at 0.7350, now that is a good signal for a likely new move to the upside.

 

[victoriajensen]

The pair did bounce off from 0.7350, now the question is whether it will continue rising past 0.7440 as it has formed a spinning top candlestick on the four-hour time-frame at that level.

 

[izzy_63]

Aussie has recovered some ground and trading around 0.742 level, fear of trade war escalating continue to give pressure to this pair.

 

[victoriajensen]

The pair did bounce off from 0.7440 and is now back again at 0.7400, the question is whether it will break out below that support and continue falling towards the last low at 0.7345 or the move to the downside was just a temporary retracement.

 

[victoriajensen]

The move to the downside continues, the pair will probably indeed fall towards the last low at 0.7345.

 

[victoriajensen]

The pair has almost reached 0.7345, now the question is whether there will be a double bottom at that level or it will continue falling.

 

[victoriajensen]

The pair is testing the support at 0.7325 for now, but since the trend is so bearish there will likely be a breakout below that level too.

 

[victoriajensen]

It bounced off from 0.7325 but next week there will likely be a new move to the downside.