• AUDNZD reversed from key resistance zone
• Likely to fall to 1.0700
AUDNZD recently reversed down from the key resistance zone lying between the multi-month resistance level 1.0855 (monthly high from November) and the upper daily Bollinger band.
The downward reversal from this resistance zone stopped the previous medium-term ABC correction (2) from the middle of March.
Given the clear triple divergence on the daily RSI indicator – AUDNZD is expected to fall further toward the next support level 1.0700.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies