Trading blog
AUDUSD continues to fall inside the medium-term ABC correction (B) – which started earlier from the resistance area lying between the key resistance level 0.7380 (which also reversed the price in August), 200-day moving average and the upper daily Bollinger Band.
The pair today broke the support level 0.7200 (which reversed the price multiple times in November) – which strengthened the bearish pressure on this currency pair.
AUDUSD is expected to fall further and re-test the next round support level 0.7000 (which stopped the sharp extended downtrend in October).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
