AUD/USD Short Term

[Sycamore]

AUD/USD action currently looks like a mini bear flag with uptrend line just below. Below, there is obvious key support around 1.0100-1.0120 which is also the .382 and .50 from points 1 and 2 on chart. If that should fail, then a move down to lower support near 1.000ish should ensue. Not shown on the chart, the .618 from from point 1 is near .9977, also.

 

[Addam]

I think that aud/usd asset will go down further.

 

[Addam]

I can see two scenarios here – the basic (red) and alternative (blue).

 

[Desacete]

The price on AUD/USD moves to resistance level. When 0.73741 mark will be passed, I’m gonna sell.

 

[Desacete]

The price on AUD/USD moves to resistance level. When 0.70461 mark will be passed, I’m gonna buy.

 

[Desacete]

I suppose that the price will turn after reaching the 0.725261 level.

 

[Desacete]

I can see an excellent entrance to the AUD/USD market after reaching the 0.699563 level. The price will go up.

 

[arigoldman]

I really dislike this pair right now!

 

[Desacete]

I think that AUD/USD asset will go down.

 

[Desacete]

The asset is flat now. I’ll set pending orders nearby the upper bound and bottom line and will see which one is gonna work.