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

[victoriajensen]

AUD/USD fell to the support at 0.7835 and found some support there but the pair is still quite bearish. A breakout below the aforementioned support and below 0.7815, which is the (MA)89 indicator on the daily time-frame could lead to a further move to the downside towards 0.7775.

 

[victoriajensen]

The pair is testing 0.7835 for a second time and this time around it will likely finally break out below it unless it forms a double bottom at that level.

 

[victoriajensen]

The move to the downside continues, the pair broke out below 0.7835 and it may reach 0.7750.

 

[victoriajensen]

The pair has almost reached 0.7750, next week the overall move to the downside will probably continue.

 

[victoriajensen]

AUD/USD bounced off from 0.7760 and is currently retracing. It's closest target is likely 0.7860 but the overall trend remains bearish.

 

[AngieB]

Aussie rebounded from the Friday's lows and has urned to north. I expect a test of the resistance at 0.7910 (last Wednesday's high).

 

[victoriajensen]

I agree, the pair is quite bullish for now and it will likely move to the upside at least to 0.7900 - 0.7910 although the trend is still bearish.

 

[victoriajensen]

The move to the upside continues for now. The pair has reached 0.7900 and it will likely continue rising towards 0.7950.

 

[victoriajensen]

The pair found some resistance at 0.7965 but the move to the upside is likely not over yet. Next target is probably at 0.8000.

 

[victoriajensen]

AUD/USD bounced off from 0.7990 and is testing the support at 0.7900 once again. If it breaks out below it it could fall to 0.7850.