– AUDUSD reversed from support level 0.6350
– Likely to rise to resistance level 0.6500
AUDUSD currency pair recently reversed up from the key support level 0.6350 (which has been reversing the price from the middle of August) intersecting with the lower daily Bollinger Band and the support trendline of the wide down channel from February.
The upward reversal from the support level 0.6350 is likely to form the daily candlesticks reversal pattern Bullish Engulfing.
Given the bullish divergence on the daily Stochastic indicator, AUDUSD currency pair can be expected to rise further toward the next resistance level 0.6500 (which stopped the previous waves (a), 4 and (ii)).
Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
This website uses cookies