AUD pair and today continues to fall towards the south, the course is now close to a strong support level of 1.0000, and it seems that this level of price breaks, the consolidation below this level opens the way to 9825.
US dollar is higher against its all major currencies, there is no release from Australia but US is awaiting to release its important economic releases, pair would found support 0.9970, pair is trading below 1.0000 as expected, rebound will likely possible anytime as pair has broken daily supports, resistance is above 1.0050
ill expect bearish trend to head towards 0.9970-65,then a breach above 1.0000 would rekindle bullish sentiment then from this level ill expect price to head towards 1.0050 and above. currently am still bearish with targets at 0.9970,ill exit position if price breaches above 1.0000 just placed a pending order (buy stop) at this level.good luck and no knowledge is a waste
The pair are still in bearish trend and when we see from the H1 chart, the price is still below the pivot and MA T / L, and it is trying to breakout support 3. All indicators show signal down but we must aware about the correction movement as well.
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AUDUSD At this moment this pair is trading at 0.99 96/97 (-0.50%), looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at -94.8048, giving us the advice that we should look for a Sell Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at 0.0008, telling us that we should be in a Sell trend. This data help us to make a decision on the direction of price for this pair.
Pair shows the Australian dollar against the U.S. dollar some slight downward trend heading towards the minor ascending channel support in principle, as it continues to trend downward stochastic.
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The pair is trying to stay above Moving Average (100) 1.00173.
Resistance: 1.00592, 1.01873, 1.03847
Support: 0.97889, 0.94417, 0.89581