• AUDUSD reversed from resistance level 0.6725
• Likely to fall to support level 0.6500
AUDUSD recently reversed down from the key resistance level 0.6725 (former multi-month low from July), strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward impulse 1 from August.
The downward reversal from the resistance level 0.6725 stopped the previous short-term corrective wave 2 from October.
Given the strongly bullish USD sentiment seen today – AUDUSD can be expected to fall further toward the next support level 0.6500 (former resistance from October).
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies