AUDUSD technical analysis.

AUDUSD - Daily

Market (21/55) is flat. Price (5 above 8) is flat. Stochastic is moving up. Resistance levels at 0.76, MM3/0.77 and MR1/0.775. Support levels at MS1/0.75, 0.745/MM1 and MS2/0.735.

AUDUSD - H4

Market (21 above 55) is flat. Price (8 above 5) is bearish. Stochastic is moving down. Price has broken through the 0.755/WPP support. The next level of support is WM2 and WS1/0.75. Price has made a lower low and I will look at the following resistance levels for a sell: WM3 and 0.76. Another possible resistance level is when price find support at WM2 and retrace back to WPP.

AUDUSD - H1

Market (55 above 21) is bearish. Price (8 above 5) is bearish. Stochastic is oversold. Price is broken through DS2/WPP/0.755 support level. The next support level is at WM2. I am looking to sell price at resistance level DM2/WM3/61.8 Fib. If price continues down I will wait for it to retrace back to WPP and then sell.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.