#WaveAnalysis

#AUDUSD reversed from support level 0.6400

Likely to rise to resistance level 0.6500

AUDUSD currency pair recently reversed up from the key support level 0.6400, which also reversed the pair In November, standing near the lower daily Bollinger Band and the support trendline of the daily down channel from February.

The upward reversal from the support level 0.6400 stopped the earlier short-term impulse wave 3 from the middle of July.

Given the strength of the support level 0.6400 and the oversold daily Stochastic, AUDUSD can be expected to rise further toward the next resistance level 0.6500.

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#WaveAnalysis

#AUDUSD reversed from the support level 0.6400

Likely to rise to resistance level 0.6500

AUDUSD currency pair recently reversed up from the support level 0.6400, which has been reversing the pair since last November.

The support level 0.6400 was strengthened by the nearby lower daily Bollinger Band and the support trendline of the wide down channel from February.

Given the strength of the support level 0.6400, AUDUSD currency pair can be expected to rise further toward the next resistance level 0.6500 (former multi-month support from May).

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#WaveAnalysis

#AUDUSD reversed from key support level 0.6360

Likely to rise to resistance level 0.6440

AUDUSD currency pair recently reversed up from the key support level 0.6360 (previous monthly low from August), intersecting with the support trendline of the wide weekly down channel from February.

The support level 0.6360 was further strengthened by the lower daily Bollinger Band.

Given the strength of the support level 0.6360 and the bullish divergence on the daily Stochastic, AUDUSD can be expected to rise further toward the next resistance level 0.6440.

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#WaveAnalysis

#AUDUSD reversed from support level 0.6300

Likely to rise to resistance level 0.6400

AUDUSD recently reversed up from the key support level 0.6300 (former monthly low from November) coinciding with the support trendline of the weekly down channel from February.

The support level 0.6300 was further strengthened by the lower daily Bollinger Band.

Given the strength of the support level 0.6300, AUDUSD can be expected to rise further toward the next resistance level 0.6400.

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#WaveAnalysis

#AUDUSD reversed from key support level 0.6300

Likely to rise to resistance level 0.6400

AUDUSD currency pair recently reversed up from the key support level 0.6300 (which has been reversing the pair from November).

The support level 0.6300 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down channel from February.

Given the strength of the support level 0.6300, AUDUSD can be expected to rise further toward the next resistance level 0.6400.

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#AUDUSD came close to 0.6400, adding two-thirds of a cent shortly after the news. However, the round level and touching of the 50-day moving average also triggered heavier selling in the pair, repeating what we saw in EURUSD a day earlier.

At the time of writing, the Aussie has pulled back to 0.6330, erasing the gains made early Tuesday. Technically, the Aussie remains in the hands of the bears as it makes a series of lower local highs and stumbles off the 50-day moving average. There is significant support at 0.63, from which the pair has been bought on the downtrend since the beginning of the month. A break below this level would open the door for a quick fall back below 0.62.

The risk of the AUD falling into a downward spiral should raise the RBA's alert level. But will it happen?

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#WaveAnalysis

#AUDUSD reversed from key support level 0.6300

Likely to rise to resistance level 0.6425

AUDUSD recently reversed up from the key support level 0.6300, which has been steadily reversing the index from the start of October.

The support level 0.6300 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly own channel from February.

Given the strong USD sales, AUDUSD can be expected to rise further toward the next resistance level 0.6425 (top of the previous correction ii).

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Since the beginning of November, #AUDUSD has added 2.8% or about 180 pips after forming a bottom for most of October. Today's dip looks more worrisome than a correction from the rise. It is worth paying attention to the pair's dynamics near 0.6390, where the 50-day moving average is.

Returning under it will make last week's rally considered false and will open a quick way to the area of lows near 0.6300. Moreover, it potentially opens the way to levels below 0.60, as touching 0.65 coincides with the 61.8% Fibonacci retracement level of the decline from the August peak to the October bottom.

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#WaveAnalysis

#AUDUSD reversed from resistance level 0.6500

Likely to fall to support level 0,6400

AUDUSD currency pair recently reversed down from pivotal resistance level 0.6500 (former strong support from May, which has been reversing the price from August) intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 0.6500 stopped the previous minor ABC correction 4.

Given the clear daily downtrend and the strong bullish USD sentiment, AUDUSD currency pair can be expected to fall further toward the next support level 0,6400.

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Current interest rates are relatively low for Australia. This is only a 10-year high, while rates in the US and Europe are at the high end of previous tightening cycles and at levels not seen for around 20 years.

The only potential driver in this environment could be the difference in expected policy easing. However, we can see that the Fed, the ECB and the Bank of England are in favour of delaying the expected start of easing. In this context, the initial rally in #AUDUSD looks like a profit-taking bounce after an impressive decline since the end of last month.

The AUDUSD fell sharply below its 200-day moving average on the release of the NFP, further indicating bearish dominance. After a relatively long consolidation period, the ultimate downside target now appears to be the 0.6300 area, where the 161.8% level of the nearly three-week decline since the 28th and last October's lows meet.

#WaveAnalysis

#AUDUSD reversed from key support level 0.6580

Likely to rise to resistance level 0.6700

AUDUSD currency pair recently reversed up from the key support level 0.6580 (which has been reversing the price from the start of May) coinciding with the lower daily Bollinger Band.

The support level 0.6580 was further strengthened by the 38.2% Fibonacci correction of the previous upward impulse from April.

Given the strength of the support level 0.6580 and the strong USD sales, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6700, which stopped the previous waves 2, iv and ii.

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#WaveAnalysis

#AUDUSD reversed from strong resistance zone

Likely to fall to support level 0.6620

AUDUSD currency pair recently reversed down from the strong resistance zone located between the key resistance level 0.6685 (which has been steadily reversing the price from the start of May) and the upper daily Bollinger Band.

This resistance zone was further strengthened by the 61.8% Fibonacci correction of the previous downward impulse from December.

AUDUSD currency pair can be expected to fall further toward the next support level 0.6620 (former minor support from the end of June).

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#EconomicReview

▫️ RBA keeps interest rate at 4.35%, warns it is prepared to keep it there for a long time

▫️ RBA doesn't seem spooked by recent sell-off and isn't ready to ease monetary conditions

▫️ #AUDUSD continues to struggle for support at 0.6500

Read more

#WaveAnalysis

▫️#AUDUSD reversed from support zone;

▫️Likely to rise to resistance level 0.6650.

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#WaveAnalysis

▫️#AUDUSD approached key resistance level 0.6795;

▫️ Likely to rise to resistance level 0.6865.

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#WaveAnalysis

▫️#AUDUSD reversed from support level 0.6700;

▫️ Likely to rise to resistance level 0.6800.

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#Shorts

#AUDUSD: about to drop by 100 points

▶️ AUDUSD. Current situation #tranding #trandingshorts #tradelikeapro #audusd #currencytrading

Today is Tuesday, December 2nd, and we will discuss the Australian dollar, which is forming quite a nice trading setup.

#tranding #trandingshorts #tradelikeapro #audusd #currencytrading #currency

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▶️ AUDUSD Current situation #tradelikeapro #currencytradingtips #tradingshorts #audusd #currencytrading

Today is Monday, February 9th, and we will talk about the Australian dollar market.

#tradelikeapro #currencytradingtips #tradingshorts #audusd #currencytrading

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