#AUDUSD Charts

Here goes the charts for aussie.

The 240 min. chart demonstrating the diamond reversal formation.

The 15 min. chart demonstrating the trend line break.

#AUDUSD Diamond Update

AUDUSD diamonds lower trend line was taken out today (tonight for me) during Asia session. Bad news for the aussie only confirms the bearish signals for commodities. 

Also the support @ 1.0588 and weekly low was also taken out. The main move of the week is now DOWN. We have covered already 85% of the Average Daily Range  (as of 02:11 GMT). Therefore, most-likely, it will extend its range tomorrow and Friday towards the downside.

Will post a chart later on.

#AUDUSD Diamond

Have spotted this one the 60 min chart. Most-likely will break to the downside. Will follow the main move of the dollar as equities will be bearish, as well as commodities while the USD probably surge.

An entry below 1.0587 could be a safe bet. Also this entry will be in the direction of this weeks main move (down) thus augmenting the odds of a successful trade.

By the way, USDx is testing the UTL of the flag pattern as of now.

Here is the chart for Aussie:

The 60 min. chart demonstrate a diamond formation that most-likely will break southfollwing the apreciation of the buck and slide of the commodities.