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).
- 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