AUD/USD: The market is currenctly converging with the large

Tian Kriek

Analyst


July 16, 2019 07:26 AM

BULLISH

Daily Trading Range:
AUD/USD: The market is currenctly converging with the large monthly UP outer trend line which forms a confluence with the Down Monthly Fib 1.27 extension. It seems that the market is poised for a bullish bounce. The weekly and Daily Fibs are in an UP Fibonacci Swing. I am now waiting for a buy AFTER the market formed the bullish crown right tip combined with a Bullish Daily StochasticRSI

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.8460
Resistance 1: 0.8530
Current Price 0.7025
Support 1: 0.7050
Support 2: 0.7000
Support 3: 0.6950

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?