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

[Hyper_Dimensional_TG]

Hi Traders,

did anybody catch the AUDUSD (Long) break out/trend change today? There was a lot of daily and intraday (1 hour time frame) confluence.

Please refer to attached charts for confluence.

Traders may be able to get in on a trade if they wait for a pull back and retest over the next 1-2 days...

 

[fxstrategist]

The AUDUSD drops below the 0.7400 level and it looks like it wants to continue dropping. It may try to reach the 0.7300 level. To the upside, above the 0.7400 zone, its next resistance could be the 0.7500 level in case of a bullish retracement.

 

[fxstrategist]

The 0.7400 level could not stop the pullback on the AUDUSD and now the pair is consolidating above that zone. The 0.7400 level is acting as support with the possibility of the pair rallying towards the 0.7500 level.

 

[Oliver Jones]

I'm an Aussie Bear, the country might suffer due to its heavy reliance on China. Might be wrong, but that's what I feel and observe.

 

[csc2009]

The pair is consolidating around 0.788 level, risk remains on the upside, 0.79 is a key level break above would lead to further gains.

 

[fxstrategist]

The AUDUSD breaks below the 0.7700 level, but stalls its drop around the 0.7677 level. The pair has the road clear though to drop to the 0.7500 level. To the upside, the 200 day EMA around the 0.7751 level may act as resistance.

 

[victoriajensen]

AUD/USD bounced off from 0.7655 today and it is currently at the support at 0.7600. It will probably continue moving to the downside towards 0.7550 - 0.7540.

 

[victoriajensen]

AUD/USD reached 0.7550 and it is still quite bearish. The move to the downside could continue towards the last low at 0.7530.

 

[victoriajensen]

AUD/USD reached 0.7530 today and it finally broke out below that support. The move to the downside continues, next target will likely be around 0.7400 - 0.7360.

 

[victoriajensen]

AUD/USD is testing the support at 0.7500. The pair will likely break out below that level next week and continue moving to the downside.