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

[victoriajensen]

AUD/USD continues falling and is currently testing the support at 0.7785. A breakout below that level will probably lead to a fall to 0.7750.

 

[AngieB]

Last week the pair broke significant support level provided by the 61.8% Fibonacci retracement of latest bullish run (0.7500 -0.8135) at 0.7750 and this opened doors for the further decline that currently we are witnessing. From this point Aussie now is looking for new support and in case drops below the daily low, such could be found at 0.7630 (Mid December 2017 lows).

 

[victoriajensen]

The pair bounced off from 0.7670 and is currently moving to the upside due to the fundamentals. It will likely reach 0.7800 again.

 

[victoriajensen]

AUD/USD is consolidating sideways above 0.7670 - 0.7680. It will likely test that support level again soon.

 

[fxstrategist]

The 0.7700 level is still acting as a very good support on the AUDUSD with the 200 day EMA as a good resistance. There may be a bearish breakdown that could take the pair to the 0.7600 level.

 

[victoriajensen]

The 0.7700 level is still acting as a very good support on the AUDUSD with the 200 day EMA as a good resistance. There may be a bearish breakdown that could take the pair to the 0.7600 level.

It will first have to break out below the support around 0.7670.

 

[scott11]

Breakout trading is a good way to enter the market for long term positions. You can find it out if the price of a currency pair or stock crosses the resistance or support level with huge volume. Breakout traders always search for the long term positions and it is a profitable technique as well.

 

[izzy_63]

The pair will likely to continue with correction movements around 0.77 level, upside potential is limited due to no Aussie data until Tuesday.

 

[victoriajensen]

The pair is stuck in a sideways consolidation between 0.7670 and 0.7785. Hopefully the fundamentals this week will end that.

 

[victoriajensen]

AUD/USD is testing the support at 0.7700. If it breaks out below it the pair will probably continue falling towards 0.7660.