• AUDUSD broke support area
• Likely to fall to support level 0.7400
AUDUSD recently broke the support area lying between the major support level 0.7530 (low of wave (A) from May) and the 50% Fibonacci correction of the upward impulse from October.
The breakout of this support area accelerated the active medium-term downward impulse wave (c).
AUDUSD can then be expected to fall further toward the next support level 0.7400 (target price for the completion of the active short-term impulse wave (iii)).
- 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
