The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low.

0.7705-0.7720 is the zone where buyers should show up. 1-2-3 pattern is holding and bouncing off the camarilla weekly and daily levels. We should see the upward price movement towards W H3, D H5, and W H5. Intraday targets are 0.7740 snf 0.7765 while the swing target is 0.7840. Swing target only comes into play if the price closes the day above the intraday target.

AUDUSD


The analysis has been done with the CAMMACD.Core System.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for Student. The purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a licensed Industry representative; such as, but not limited to a Broker/Dealer, Introducing Broker, FCM and/or Registered Investment Advisor. Neither Elite CurrenSea nor its representatives are licensed to make such advisements. Electronic active trading (trading) may put your capital at risk, hence all trading decisions are made at your own risk. Furthermore, trading may also involve a high volume & frequency of trading activity. Each trade generates a commission and the total daily commission on such a high volume of trading can be considerable. Trading accounts should be considered speculative in nature with the objective being to generate short-term profits. This activity may result in the loss of more than 100% of an investment, which is the sole responsibility of the client. Any trader should realise the operation of a margin account under various market conditions and review his or her investment objectives, financial resources and risk tolerances to determine whether margin trading is appropriate for them. The increased leverage which margin provides may heighten risk substantially, including the risk of loss in excess of 100% of an investment.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD Price Analysis: Bears hit target, eyes on upside

As per the prior analysis, 'EUR/USD Price Analysis: Bears are lurking with eyes on 61.8% Fibo target', the market has melted to the target and now the focus is on the upside should the support structure hold. 

EUR/USD News

GBP/USD Price Analysis: Poised for further downside towards 1.4000

GBP/USD bears lick their wounds near 1.4060, up 0.08% intraday, during Thursday’s Asian session. The cable pair dropped the most in May the previous day on broad US dollar strength.

 

GBP/USD News

NZD/USD Price Analysis: Bears challenge multi-day lows near 0.7120

The NZD/USD forms consolidated moves in the early Asian session, having witnessed quite heavy losses in the late New York session. The pair booked nearly a 130 pips movement before closing the session on a lower note.

NZD/USD News

BTC may drop to $34,000, taking the rest of the market with it

Bitcoin price defining a bearish top formation after weeks of indecision. Ethereum price blitzes bears with steady price momentum. Ripple price fails pattern test, poised for further losses.

More Crypto News

Inflation and the dollar: Is the connection as direct as it seems?

US inflation soared in April and so did market volatility. Treasury rates rose, the dollar followed and equities dropped for a second day.  The Fed insists prices increases are temporary but behind the pandemic base effect commodity prices are sharply higher and wages are rising. 

Read more

Majors

Cryptocurrencies

Signatures