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

[victoriajensen]

AUD/USD found some support at 0.7530 and began a retracement, next target is likely at 0.7585.

 

[izzy_63]

The risk remains on the downside, the pair possible to push below the support zone around 0.75.

 

[victoriajensen]

The risk remains on the downside, the pair possible to push below the support zone around 0.75.

There may be a double bottom forming around 0.7530, if that happens the pair could bounce off from that level.

 

[victoriajensen]

The move to the downside continues and the pair has broken out below 0.7500, next target will likely be around 0.7400.

 

[victoriajensen]

The pair found some support at 0.7470 and it may retrace to 0.7550, but the trend is still bearish.

 

[victoriajensen]

AUD/USD reached 0.7540 today, tomorrow, depending on the fundamentals, there may be a further retracement.

 

[victoriajensen]

The pair bounced off from 0.7475 but next week it's very likely to continue moving to the downside.

 

[izzy_63]

The pair bounced off from 0.7475 but next week it's very likely to continue moving to the downside.

I agree, short-term correction movement barely changes bearish trend.

 

[victoriajensen]

I agree, short-term correction movement barely changes bearish trend.

I agree. Correction continues for now, next target will likely be around 0.7550.

 

[victoriajensen]

I agree, short-term correction movement barely changes bearish trend.

I agree. Correction continues for now, next target is likely at 0.7550.