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

[victoriajensen]

Very good bullish daily candle for today on the AUDUSD. The pair breaks above its 200 day EMA and came close to the 55 day EMA around the 0.7845 level, but loses its bullish momentum around that zone.

It did bounce off from 0.7845 and it will likely retrace back to the support at 0.7730.

 

[victoriajensen]

The move to the downside continues for now and the pair is testing the support around 0.7770. It will likely break out below it.

 

[victoriajensen]

0.7770 proved to be a very strong support and the pair bounced off from it. Next week there will likely be a further move to the upside towards 0.7900.

 

[victoriajensen]

AUD/USD is currently rising towards 0.7900. A breakout above it could lead to a further move to the upside towards 0.7950.

 

[victoriajensen]

The pair bounced off from 0.7900 and there was no breakout, currently it is likely retracing back towards 0.7825.

 

[victoriajensen]

The pair formed a shooting star candlestick and a hanging man candlestick around 0.7900 on the four-hour time-frame, it will probably move to the downside.

 

[victoriajensen]

The pair is quite bearish today after the shooting star candlestick and a hanging man candlestick that formed on the four-hour time-frame yesterday. Next target is likely at 0.7775.

 

[victoriajensen]

The pair has almost reached 0.7700 and it is very likely it will break out below that level next week.

 

[izzy_63]

The pair broke below 0.77 handle, the strong bearish trend continues.

 

[victoriajensen]

The pair retraced back above 0.7700 but the move to the downside will probably continue.