Break of the daily trendline and what appears to be another round of BoJ intervention

If the goal is to break 160 then mission accomplished.

If the goal is to drive it even lower, then 160 needs to become resistance.

Pause below 26890 has seen a bounce that would need to regain 28000-200 to cool the downside risk but only above 28595 would negate it.

(AT daily chart)

AT textbook: Break of 7374 exposed 7300, which was tested yesterday (7292 low after stops run) but with limited follow3 through.

Bounce faces resistance at 7374, above which would cool the downside but still far away from a level that would fully negate the risk (7490).

With stops run above 1.3385 (high 1.3407), this level now becomes pivotal as it needs to become support for momentum to build on the upside.

Otherwise, upside loses some steam and makes it dependent on 1,3333 holding to keep a bid

The sudden plunge in USDJPY has raised talk that the BoJ ambushed the market with covert intervention.

In any case, the break of 163.00 makes this level pivotal in dictating whether the focus shifts to 162 and below ir is back to 164. Low so far 162.29.

Tested both sides of its 3998-4116 range (double bottom,. double top) making 4000-4100 sort of a no man’s land for trading but likely with support as long as it stays above 4000.

(Amazing Trader 4 hour chart)

Trying to break a 7-day pivot around 114, which would be bullish but only confirmed by a move above 1.1482.

To keep a bid focused on 1.1482 (AND 1.15) and away from 1.14, 1.1435, yesterday’s breakout level and today’s low, needs to hold as support.

While repeated attempts to test the 7375 low fhave so far failed, downside stays at risk unless 7491-00+ is regained.

Just in case, little on charts below 7375 until 7300.

Consolidating after pausing above yesterday’s 27444 low (low 27484). Next key chart support is sub-27K.

To cool the downside risk, 28+ (tested earlier toiday)would be needed but to negate it, moves above 28585 and the 4-hour trendline would be needed.

Pattern around 1.14 extended to7 days in a row.

Range over this period has been 1.1353-1.1435.

Momentum still pointed down but currently trapped by a double bottom (4010-11) and double top (4047.

Key levels outside of it are at 3998 and 4055 + the down trendline.

AUDUSD break of a 9-day pivot around .7000 = bearish (see prior posts highlighting this pattern)

Break of .6962 (range low over this period) exposes .6906 as a potential target

Nothing to get excited about unless key levels at 61230 ore 67220 are taken out.

Pause above 62K suggests 62-65K is sort of a no man’s land (i.e. lacking momentum) for trading.

Pattern: 5 down days )red candles) in a row. Pattern would need to be broken before considering the low is in.

Watch the 100 day mva (blue line, 27787), testing below it.

Trying to build up momentum off the 1.4006 low but so far still in the realm of a  retracement (high 1.4129 vs. 1.4125 = 50%).. 1.4154 = 61.8% (AT daily chart)

FIBOIS 1.4247 => 1.4006

While a break of the 9 day pivot pattern seems likely today, which would send a bearish signal, it would need to see .6962, the bottom of the range over this period, firmly broken to confirm.

Below .6962 is a void to .6906 although .6950 could put up a fight.

Testing 1.1361 (just broken), the last key support ahead of the key 1.1324  low. Ahead of it, watch 1.1350 as a potential magnet that will be pivotal in dictating whether there is a run at 1.1324.

Back above 1.1380 would be needed to ease the risk.

On the defensive after failing to build on an opening week gap up yesterday.

Now dependent on 4021 holding to prevent the focus shiftING to 4000.

Opening week gap at 4053 vs. 4065 low so far limiting the downside.where 4049 is key supporty bellow it.

(AT 4 hour chart)

Failure to build on its opening week gap has seen a reversal with the opening week gap more than filled and 28K (just broken) come under attack.

Why 28K is important is is there is a big void of support below it so keep an eye on this pivotal level.’

Failure to build on the opening week gap which paused shy of 7500.

This keeps risk on the downside but currently consolidating while above 7395.

Opening gap filled1.3321) and now dependent on 1.3298 to prevent downtrend starting a new leg.

On the upside, intra-day high at 1.3364.

9 days is a long time for a currency to pivot a level and AUDUSD extended its pattern around .7000 to  to 9 days in a row.

Stay alert for a directional move once the pattern is broken, which would need to break either side of a .6962 – .7027 range to confirm..

Opening week gap would need to take out 4166 to break downside risk and turn chart in favor of the upside..

Range so far 4083-4116

Opening week gap high so far seeing limited follow through.

Upside paused below 1.1435 (high 1.1418) ,above which would be need to confirm, a break of down momentum.

Break of a 5-day pattern around 7500 sends a bearish signal and now dependent on 7375 (Thursday low) holding TO AVOID PUTTING 73000 ON THE RADAR.

Moves to the upside should be limited unless 7500+ trades again

Break of 6 day pivot around 29K is a bearish sign if confirmed today.

The focus of all global markets remains on the price of crude oil, specifically Brent oil (Sept) and the $100 level. The move below $100 (last 97.70)  today has eased some of the pressure on global markets but so far just enough to steady the ship, not reverse it

The chart displayed here is a CFD chart with a different price feed but the AT lines on it should coincide with what you see on your charts.

Coming into the day, AUDUSD .7000 has printed 7 days in a row. To extend this pattern to 8 days, .7000 would need to trade again today. If not, break of the pattern would be typically bearish but in this case, only if the low is taken out.

Range over this period has been .6962-.7127, low set yesterday.

(AT daily chart)

Pause yesterday above 4000 (low 4021) contained the downside but little to go for unless it trades outside of a 4000-4100 range.

From a broader perspective, for momentum to build, 3021 needs to hold followed by a brerak ofg 4166.