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

[victoriajensen]

The pair may have formed a double bottom around 0.7310, if it has then there will likely be a new move to the upside.

 

[victoriajensen]

The pair is back above 0.7400, the question is whether it will rise any higher.

 

[izzy_63]

The pair has been rejected near 0.7440 zone once again, which indicates bearish potential. However, the pair currently is still trading in the range, waiting for a break-out of next directional move.

 

[victoriajensen]

It's firmly stuck in the sideways consolidation, the question is whether it will finally end this week.

 

[victoriajensen]

The pair is once again at 0.7415, if it breaks out above that level it may rise towards 0.7450.

 

[victoriajensen]

The pair did break out above 0.7415 but it's hardly rising any further for now, consolidation continues.

 

[victoriajensen]

The pair bounced off from 0.7375, there will likely be a new move to the upside.

 

[victoriajensen]

It reached 0.7415 and bounced off from that resistance, the sideways consolidation will likely continue next week.

 

[izzy_63]

The pair has been in consolidation mood in July, waiting for breakout points to determine a clear direction.

 

[victoriajensen]

I agree, consolidation will likely continue this week too, so far there is no signal for a breakout.