AUD Technical Analysis

It's time to open a buy again. Smaller bull-back, but it's gonna be profitable though. I'll open a deal at 0.7732 and close it at 0.7840, as I'm sure, there will be a pivot again.

I am not sure about AUDUSD ...
If we look at H4 timeframe so - yes, this is bullish market condition but secondary ranging. And the breakdown is still going on

If buy so tp may be below 0.7806 and sl as 0.7705 for example (for H4 timeframe)

As to M5 timeframe so it may be buy stop order at 0.7733 and sell stop at 0.7721 for example:

If we look at Heiken Parabolic Trading System for H4 timeframe so it is ranging: 2 Parabolic indicators are in contradiction with each other:

Something is just started on M1 timeframe concerning buy trade but I am not sure that it is long-term tendency sorry:

newdigital, yeah, you were right. I didn't pay attention that the AUD currency highly depends on oil prices, as it's recourse-based one. Now I will keep in mind all the factors to make right decisions.

The move of AUD/USD turned the main trend to down, but it also put the market inside a value zone which may produce a short-term technical bounce. The U.S., Europe and the U.K have bank holidays today, so today's trading should be not so difficult...

This is my technical analysis on mql5.com which I made yesterday:

AUDUSD Technical Analysis 2015, 24.05 - 31.05: bearish reversal breakdown with 0.7532 key support and 0.8162 key resistance

The AUD/USD market's currently going down, but at the same time it's trying to form a support not to fell below 0.7755. I think now we should wait for stronger support to start buying here.

There was some growth here, but now some sideways trend is expected to start.