AUDUSD recently reversed down from the resistance area lying between the resistance level 0.7020 (previous monthly high from June), upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse from April.
The downward reversal from this resistance area is likely to create the daily Evening Star – if the price closes this week near the active levels.
AUDUSD is expected to fall further and retest the next support level 0.6950 (support from the start of July).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies
