FxPro analyst said that AUDUSD recently reversed up from the support area lying between the round support level 0.7000 (which stopped the weekly downtrend with the weekly Hammer in October) and the lower weekly Bollinger Band.
The upward reversal from this support area stopped the previous weekly downward impulse wave ③ from last December.
Given the strength of the aforementioned support area and the oversold reading on the weekly Stochastic indicator – AUDUSD is expected to rise further and re-test the next resistance level 0.7200.
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
Today is Thursday, the 18th of December, and we'll be talking about the British pound…
Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…
This website uses cookies
