-Trading the range. -Waiting for a breakout
The pair is struggling to break below the weekly trendline marked in Yellow. Trading the range until we get a breakout.
Looking out for a breakout or a reversal price pattern near top trendline.
SELL STOP order with levels mentioned on chart.
Looking out for a reversal at 38 Fib for a continuation north.
Rejection at 50% retracement of the last impulsive leg. Targeting 1.27 Fib
Was expecting a reversal for AUDUSD; however, bulls continue to hold the fort. Will prefer staying away from this pair until we get a confirmed bias through a breakout or reversal.
Forming a bearish flag near the support of 74.34. Looking for a break below to enter short
AUDCAD broke out of the ASC triangle pattern and missed the channel top by just a few pips. Looking either a continuation pattern like a flag to hit the next TP at 0.91300 or a retest of 0.90175 zone before the next move up.