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

[victoriajensen]

The pair broke out below 0.7450 and it will likely continue falling towards 0.7400.

 

[AngieB]

The pair remains vulnerable for further declines as bears conquered the psychological support at 0.7500, now acting as a resistance. So a potential recovery might lead the price towards fisrt resisatnce area at 0.7480 provided by 50% Fibonaaci retracement of 2016-2018 bullish run, before nearing again this critical 0.75 mark. The downside is immediately protected by the 0.7410-0.7400, and in case the pair close below it, will be poised to extend its decline towards next support at 0.7370, which if broken will open doors for testing the 61.8% of same Fibo at 0.7327.

 

[victoriajensen]

AUD/USD found some support at 0.7415 and it may retrace to 0.7480 or even to 0.7500 but the trend is still bearish.

 

[victoriajensen]

The pair is testing the resistance at 0.7530, if it breaks out above that level it the retracement may reach 0.7580.

 

[victoriajensen]

The pair reached 0.7565 today, next week there may be a further move to the upside even towards 0.7600.

 

[izzy_63]

The pair consolidation continues between 0.7457 to 0.7582, important resistance can be found at 0.76 level. Focus on US retail sales and Aussie wages data this week.

 

[victoriajensen]

The sideways consolidation below 0.7570 continues for now, the question is when there will be a breakout and whether it will be to the upside.

 

[victoriajensen]

The pair bounced off from 0.7445, it will likely rise towards 0.7500 again.

 

[victoriajensen]

AUD/USD reached 0.7500 and it even broke out above it, the move to the upside may continue towards 0.7530.

 

[AngieB]

Aussie broke 0.7500 handle and I think that bears are preparing to attack 0.7480.