– AUDUSD reversed from support level 0.6300
– Likely to rise to resistance level 0.6400
AUDUSD recently reversed up from the key support level 0.6300 (former monthly low from November) coinciding with the support trendline of the weekly down channel from February.
The support level 0.6300 was further strengthened by the lower daily Bollinger Band.
Given the strength of the support level 0.6300, AUDUSD can be expected to rise further toward the next resistance level 0.6400.
Saturday's statistics from China added to fears of a slowdown in the world's second-largest economy,…
Market Picture The crypto market started the weekend on a positive note but has been…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed's…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD…
- Ebay broke resistance level 62.00 - Likely to rise to the resistance level…
After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per…
This website uses cookies