• AUDUSD reversed from long-term resistance level 0.7110
• Likely to fall to support level 0.7000
AUDUSD currency pair recently reversed down from the long-term resistance level 0.7110 (former top of wave (2) from the start of August).
The downward reversal from the resistance level 0.7110 stopped the earlier impulse waves (C) and 3 .
Given the strong daily downtrend, AUDUSD currency pair can be expected to fall toward the next support level 0.7000.
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