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.


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.


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.