AUDCAD continues to fall inside the sharp impulse wave (1), which previously broke through the strong support level 0.8980 (which has reversed the price multiple times from November).
The breakout of the support level 0.8980 follows the earlier breakout of eth daily up channel from the middle of October.
AUDCAD is likely to fall further toward the next support level 0.8900 (former support from October) – the breakout of which can lead to further losses toward 0.8830.
- CHFJPY broke daily up channel - Likely to fall to support level 174.00 CHFJPY…
- NZDJPY reversed from resistance level 92.00 - Likely to fall to support level 90.40…
Political developments will impact financial markets, with the focus on policies from Trump's administration and…
The Federal Reserve cut the key rate, causing minimal market reaction. The market predicts a…
Gold has experienced a correction, losing over 5% since late October. Further declines are expected,…
The cryptocurrency market is consolidating near a $2.5 trillion capitalisation level, with Bitcoin stabilising near…
This website uses cookies
