Categories: Technical analysis

AUS200 Wave Analysis 27 October, 2020

• AUS200 reversed from resistance area

• Likely to fall to 6000.00

AUS200 recently reversed down from the powerful resistance area lying between the long-term resistance level 6200.00 (which has been reversing the price from the start of June) and the upper daily Bollinger Band.

The downward reversal from the resistance area started the active short-term downward impulse wave C.

AUS200 is likely to fall further toward the next round support level 6000.00 (former resistance from the middle of September).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDUSD

Recent Posts

ADP hints at another strong NFP on Friday  

The monthly ADP labour market report showed that America created 192K new jobs in April, above…

10 hours ago

Fed’s hawkish tone risks sinking S&P500 to 4700

Bears showed strength ahead of the FOMC decision.  U.S. indices sagged on Tuesday as investors…

14 hours ago

A new stage of Bitcoin’s decline

Market Picture  Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…

17 hours ago

Ebay Wave Analysis 30 April 2024

- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…

1 day ago

GBPAUD Wave Analysis 30 April 2024

- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…

1 day ago

Silver: a possible long road down

Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…

1 day ago

This website uses cookies