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

[bigdolly]

The pair had a bullish breakthrough, currently trading 3 weeks high, immediate resistance can be seen at 0.7500 level.

I have a pending short sale order from this level with Hotforex targeting 0.7450 level. What's your view on that?

 

[victoriajensen]

It found some resistance at 0.7485 but it will likely continue moving to the upside.

 

[victoriajensen]

The pair is still testing the resistance at 0.7485, the question is when there will be a breakout.

 

[victoriajensen]

AUD/USD bounced off 0.7485 and it may fall back towards the last low at 0.7310.

 

[victoriajensen]

It found some support at 0.7365, the pair is clearly stuck in a relatively wide sideways consolidation.

 

[victoriajensen]

Consolidation continues for now, it likely won't end before next week.

 

[izzy_63]

The pair continues to trade within the range, but it is showing bullish tone in the H4 chart. Next resistance can be found at 0.7483.

 

[victoriajensen]

The pair is testing the support at 0.7415 which coincides with the (MA)89 indicator on the four-hour time-frame, a breakout below it could lead to a move to the downside towards 0.7370.

 

[victoriajensen]

The sideways consolidation above 0.7300 is getting tighter, the question is when there will be a breakout.

 

[victoriajensen]

The consolidation still continues and may last until the end of the week unless the fundamentals end it.