Categories: Technical analysis

AIG Wave Analysis – 12 January, 2022

• AIG reversed from key resistance level 62.00

• Likely to fall to support level 59.00

AIG recently reversed down from the pivotal key resistance level 62.00 (former monthly high from November), strengthened with the upper daily Bollinger Band.

The downward reversal from the resistance level 62.00 stopped the previous intermediate impulse wave (3).

Given the strength of the resistance level 62.00 and the overbought daily Stochastic – AIG can be expected to fall further toward the next support level 59.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: AIG

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