AUDUSD Technical Analysis 2015, 08.02 - 15.02: Bearish Monthly Breakdown With .7719 Support Level - page 2

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newdigital, 2015.02.13 05:37

AUD/USD Spurns ‘News’ and Maintains Range (based on dailyfx article)


  • AUDUSD has consolidated since the 2/3 high volume reversal. The rate also registered a weekly key reversal which is a good way to begin at least a countertrend move (higher). .8030/50 sticks out as resistance over the next several weeks.

 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2015.02.14 05:39

AUDUSD weekly candles point to behavior change (adapted from dailyfx article)

  • “AUDUSD may be trying to put in a floor of sorts as the rate has held up since putting in a large range and volume reversal on Tuesday. The larger trend remains lower however with resistance estimated at .8030/50. The next potentially important support probably isn’t until the 61.8% retracement of the 2001-2011 rally at .7183.”
  • The last 2 weekly candles (key reversal and inside doji), at slope support mind you, are consistent with a near term change in behavior.



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