Thread: AUD/USD

Originally Posted by ;

quote Double Tops already shaped right below strong resistance 0.81558 over the weekly. Do not fight with market. Only my take picture

Enjoy those routines on each charts. Amazing how much you can see, it really opens your eyes

I'd say 50/50. Wait at these amounts for confirmation.

Originally Posted by ;

quote Double Tops already formed right below strong resistance 0.81558 over the weekly. Don't fight market. Just my take picture

I don't think you can view in my chart, but I agree with you that the very long term is bearish. When you look in my chart you will see that there is an arrow (partially shown) indiing cost will break that level. I think cost will adjust before it breaks though. That is why I said it'll be bullish. I will check to find out if it will only break through or whether correction will happen. That is quite possible, but we will have to wait and find out exactly what cost does. Thank you for submitting your perspective. Much appreciated. It disturbs me even more that this pair is bearish.

This Amount had failed to be broken since May 2015

Originally Posted by ;

What I see. I think a week that is bullish we will have. I would like to see that the price action close to the zone to determine what happens next. image

Double Tops already shaped right below strong resistance 0.81558 on the weekly. Don't fight with market. Only my take

What I see. I think we will have a bullish week. I would like to see the price action close to the zone to see what happens.

My view.

It will be interesting to find out where it closes.
On the monthly chart, I had a bottom of 7888 area as a retracement.
I don't trade this pair so could be completely incorrect but market could well surprise.
Daily/weekly near important.

I think there is still a lot more down movement to proceed in the long term. This pair will be bearish for a while. There'll be a few chances that are bullish next week, but this is about it.

Originally Posted by ;

Took a look at the weekly chart and discovered it is overbought. Past RSI periods have led to sell offs. Not expecting this to be any different. Overall we are still in a major down trend Cost just begging to drop further, short term looking towards 0.785 - 0.787

Lovely drop for AUDUSD, potential little retracement before more promoting