– AUDUSD reversed from the resistance zone
– Likely to fall to support level 0.6200
AUDUSD currency pair recently reversed down from the resistance zone between the pivotal resistance level 0.6300 (former powerful support from the end of 2023) and the 50% Fibonacci correction of the downward impulse from November.
The downward reversal from this resistance zone stopped the previous ABC correction 4.
Given the clear daily downtrend and the overbought daily stochastic, AUDUSD can be expected to fall further to the next support level 0.6200 (which stopped the previous minor correction b).
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