• AUDJPY reversed from support zone
• Likely to rise to resistance level 80,00
AUDJPY recently reversed up from the support zone located between the support level 78.00 (former multi-month resistance from the middle of 2020) and the lower weekly Bollinger Band.
This support zone was further strengthened by the 61.8% Fibonacci correction of the upward impulse from last October.
Given the oversold weekly Stochastic, AUDJPY can be expected to rise further toward the next round resistance level 80,00.
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
