Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

AUDUSD extends to the upside in down, up, down and up day

A.R Chowdhury by A.R Chowdhury
September 15, 2020
Reading Time: 1 min read
0
AUDUSD extends to the upside in down, up, down and up day

The pair did stall the fall at the 100 hour MA (which kept buyers in control)

The AUDUSD it is following the dollar lower, and in the process is breaking out of its up and down trading range for the day. The price has seen modest moves to the downside, then upside, then downside again and now back to the upside. 

The pair did stall the fall at the 100 hour MA (which kept buyers in control)

The pair has now broken above the intraday ceiling at 0.72881. Before that it cracked a downward sloping trendline connecting highs from the last 3 days at 0.72825. Those levels are now close risk for buyers intraday. The high prices reached 0.72949 so far. 

Giving the buyers more of an edge technically is the holding of the 100 hour moving average at 0.7263 (blue line in the chart above), and the more recent breaking of its 200 hour moving average at 0.7277 (green line). That old and subsequent break give the buyers more confidence to run the pair higher.

The next upside target comes at the 50% retracement of the move down from the September high to the September low at 0.73023. The swing highs from last week at 0.7305 (Friday’s high), 0.73084 (Tuesdays high), and 0.7324 (Thursday’s high) are targets as well.

For bank trade ideas, check out eFX Plus

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
NASDAQ index leads way to the upside as stocks open higher

NASDAQ index leads way to the upside as stocks open higher

New day lows for the USDJPY. Moves away from the 100/200 hour MAs

New day lows for the USDJPY. Moves away from the 100/200 hour MAs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

GBPUSD makes a break for it….

May 19, 2020

Euro slips on ‘buy the rumour, sell the fact’ play after recovery fund agreement

July 21, 2020

The CAD is the strongest and the JPY is the weakest as NA traders enter for the day

August 11, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.