Aud/Usd has gain quite a bit lately, but it looks like this bullish impulse is depleted. It's reached 0.8830 strong resistance which should force Aud/Usd to decline. Then 0.8660 and 0.8515 are considered as targets.
AUDUSD - Daily chart
AUDSD - H4 chart
Aud/Usd reached resistance near 0.8830. Although it crossed downtrend line, the breaking candle looks weak and it's very likely it'll be negated. In this scenario Aud/Usd will be heading towards 0,8765 and 0.8665 further.
AUDUSD - H4 chart
Trade recommendation
Sell if current candle closes bellow 0.8790 or later if it remains bellow this level. If the price rises and kept above 0.8790 signal is negated.
Last week the rate crossed down the support line at 1.0350, as well as the short-term uptrend line. This week opening made a big rising gap, but from that time the rate was gradually falling. The nearest support is around 1.0350. Breaking it down will open the way for further decline.
AUDUSD - Weekly chart
AUDUSD - Daily chart
Since the end of February the AUDUSD has been moving in the downward trend. It stoped in the support zone around 1.0350, and touched the higher order upward trend line. Large decline since the beginning of this week has almost close the formed gap. Further movement toward support at 1.0345 seems to be most likely. Breaking this support and the nearby uptrend line will give the signal for further decline.
AUDUSD - Daily chart
AUDUSD - H4 chart
The rate moves in a downward channel. After reaching the 1.0335 support it bounced up and was stopped at 1.0445 resistance line. If the AUDUSD breaks down the short-term uptrend line (plotted during the upward correction) it will move towards 1.0335. Breaking this support would open the way towards 1.0275 and then to 1.0210. There some upward rebound is very possilbe.
If the rate turned to be so weak that it remains above 1.0335 some consolidation within the downward channel should be expected.
AUDUSD - H4 chart
Trade recommendation:
Sell after closing below 1.0335 Take profit level: Target 1 : 1.0275 Target 2 : 1.0210
AUDUSD exchange rate crossed over downtrend line on December 30th. Then it reached the resistance level at 1.0365 and then bounced down. The downward movement was stopped at 1.0200 support level and now we should expect the upward rebound.
AUDUSD hit support level - daily chart
At the 4-hour chart the lower shadow candle was formed. This suggest that the further faling potential is depleted. Recommended trade is buying after breaking the short-term downtrend line and closing above 1.0265 resistance. Target level is 1.0335. If the rate remains under 1.0265 we should expect consolidation in 1.0200-1.0265 zone.
AUDUSD downtrend line is going to be break - H4 chart
Trade recommendation: Buy after closing above 1.0265 Take profit level:
Target : 1.0335
