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AUDUSD Downside Bias in the Range

Technical Analysis

Video Analysis

A further push lower Wednesday, to the lower end of our range support, to leave a negative tone Thursday in the broader range environment, after the Double Bottom pattern last week saw a move to a non-trend theme.

For Today:

  • We see a downside bias for .7675; break here aims for .7641.
  • But above .7729 opens risk up to .7771 and .7797.

Short/ Intermediate-term Range Parameters: We see the range defined by .7595 and .7932.

Range Breakout Challenge

  • Upside: Above .7932 aims higher for .8000 and .8164.
  • Downside: Below .7595  sees risk lower for .7533, .7500 and .7269.

 

2 Hour AUDUSD Chart

2 hour AUDUSD

Daily AUDUSD Chart

AUDUSD

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