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

[fxstrategist]

The AUDUSD has planted a tree at the 0.7700 level. The zone is clearly a very strong support for the Aussie, but a breakdown could take the price to the 0.7600 level. To the upside, its most important resistance is at the 200 day EMA, just below the 0.7800 level.

 

[victoriajensen]

AUD/USD bounced off from 0.7655 but it is likely for it to continue moving to the downside towards 0.7600.

 

[victoriajensen]

The retracement continues for now, the closest target is likely around 0.7700 again.

 

[victoriajensen]

The pair did reach 0.7700 and bounced off from it. Currently it is consolidating sideways and there likely won't be any major changes before next week.

 

[izzy_63]

The pair failed to sustain above 0.77 level, support zone around 0.7640/50 and on the upside 0.77 level act as important resistance.

 

[AngieB]

AUD/USD failed to hold above 0.77 and closed lower. Expecting a test of the support area around 0.7650.

 

[AngieB]

AUD/USD failed to hold above 0.77 and closed lower. Expecting a test of the support area around 0.7650.

 

[victoriajensen]

It is indeed currently testing the support at 0.7650 and there will likely be a breakout below that level. If there is the pair could fall towards 0.7600.

 

[victoriajensen]

The consolidation continues for now, the pair could rise to 0.7770 again at best.

 

[victoriajensen]

The pair is still testing the resistance at 0.7700 but it may bounce off from it.