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

[victoriajensen]

AUD/USD finally broke out above 0.7875 and continues moving to the upside. The closest target is 0.7900, but it won't likely stop moving to the upside at that level.

 

[victoriajensen]

The pair bounced off from 0.7910 earlier today but it may test that resistance level again. If it breaks out above it too the next target is likely 0.7940.

 

[victoriajensen]

The move to the upside continued today. The pair not only reached 0.7940 but it even broke out above it and reached a new high at 0.7980. The next target is likely 0.8000.

 

[victoriajensen]

The pair is consolidating around 0.7950 and it has formed a pair of hammer candlesticks at that level on the four-hour time-frame, so there will likely be a new move to the upside soon.

 

[victoriajensen]

AUD/USD is testing 0.8000 once again. A breakout above that level will likely lead to a further move to the upside towards 0.8080.

 

[victoriajensen]

AUD/USD continues testing the resistance at 0.8000 but since tomorrow there are no big fundamentals it's likely it won't break out above it before the end of the week.

 

[victoriajensen]

Although the pair briefly broke out above 0.8000 and reached a high of 0.8040 AUD/USD is now back below the resistance at 0.8040, so the breakout is not confirmed. That said, next week there will probably be a new move to the upside.

 

[victoriajensen]

The pair bounced off from 0.8040 once again, there will likely be a sideways consolidation before the move to the upside continues.

 

[victoriajensen]

AUD/USD is consolidating sideways indeed, the pair fell to the support at 0.7955 and bounced off from it, there will likely be a new move to the upside towards 0.8025.

 

[victoriajensen]

The pair reached 0.8025 and even broke out above it, forming a new high at 0.8080. Next target is likely around 0.8100.