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

[victoriajensen]

The pair bounced off from 0.7725 and is likely falling towards 0.7650 again.

 

[victoriajensen]

The pair barely reacted to the fundamentals today and the sideways consolidation will probably continue until next week.

 

[victoriajensen]

The pair is still consolidating indeed, it is currently testing the resistance at 0.7700 and it may continue rising to 0.7730.

 

[victoriajensen]

AUD/USD is very bullish - it broke out above 0.7730 and it is still moving to the upside, next target is likely at 0.7800.

 

[AngieB]

Nice upward momentum, next taget for bulls comes at 0.7785 (late March's high).

 

[victoriajensen]

The pair is quite bullish and it could continue moving to the upside but that also depends on the major fundamentals coming out in less than two hours.

 

[victoriajensen]

AUD/USD continues consolidating below 0.7800 and so far there is no signal that the consolidation will end anytime soon. The spinning top candlestick on the daily time-frame that formed yesterday is a further signal for that.

 

[victoriajensen]

The pair briefly moved above 0.7800 but now AUD/USD is once again consolidating below that resistance and it will probably continue doing so until next week.

 

[victoriajensen]

After several days of consolidation the pair formed a shooting star candlestick on the daily and on the four-hour time-frame below 0.7800, whether it will continue rising this week remains to be seen.

 

[victoriajensen]

AUD/USD is still consolidating sideways below 0.7800, hopefully the fundamentals until the end of the week will end the consolidation.