AUDUSD recently reversed down from the resistance area lying between the pivotal resistance level 0.7340 (which has reversed the price multiple times from the middle of August) and the upper daily Bollinger Band.
The resistance zone near the resistance level 0.7340 was further strengthened by the 50% Fibonacci correction level of the previous extended downward impulse 1 from June.
AUDUSD is expected to fall further and re-test the next support level 0.7190 (which reversed the previous minor corrections (a) and (c)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
