AUD/USD Price Analysis: Bulls are forced to the edge of the abyss AUDUSD Technical Analysis
, the price is under water following the breakout below the hand and shoulder pattern that was identified on Tuesday on the hourly chart:
The price is now stalling despite a strong retail Sales number with 90% of the leg work already done in the Asian and European markets. With the price now being on the backside of the trend, the bulls could start to accumulate positions here and a move into the shorts could be on the cards. There will be probabilities of a much deeper breakout with 0.6720 eyed at the extreme as per the daily chart.Information on these pages contains forward-looking statements that involve risks and uncertainties.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Price Analysis: Bears are dominating the bias with eye son break of 0.6900In the opening article for the week on AUD/USD, AUD/USD Price Analysis: Key support in play with eyes on 0.6900/50 for the opening range, it was state
Read more »
AUD/USD Price Analysis: Volatility contracts as investors await US InflationThe AUD/USD pair is looking for demand after a minor correction to near 0.6950 in the Tokyo session. The Aussie asset is expected to display a sideway
Read more »
AUD/USD Price Analysis: Sellers snap two-day uptrend as 21-DMA resistance reignsAUD/USD Price Analysis: Sellers snap two-day uptrend as 21-DMA resistance reigns AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
WTI Price Analysis: Bulls and bears in battle it out at key supportWest Texas Intermediate crude oil was down following the US CPI but the bulls burst back to life taking out the shorts back to the start again. WTI fe
Read more »
AUD/JPY Price Analysis: Bears pressure bulls at critical supportAUD/JPY has rallied in the week but is now coming under pressure with longs being out under heat and the weak hands moving out. We have three days of
Read more »
US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/JPY, GBP/USDDespite recent consolidation, the broad US Dollar technical landscape remains bullish against most of its major peers. What are key levels to watch for EUR/USD, AUD/USD, USD/JPY and GBP/USD? Get your market update from ddubrovskyFX here:
Read more »