Categories: Technical analysis

Cisco Wave Analysis – 1 April, 2022

• Cisco reversed from key resistance level 56.70
• Likely to fall to support level 53.60

Cisco recently reversed down with the two daily Shooting Stars from the key resistance level 56.70 (upper border of the sideways price range from January).

The resistance area near the resistance level 56.70 was strengthened by the upper daily Bollinger Band.

Cisco can be expected to fall further toward the next support level 53.60 (lower border of the active sideways price range ).

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.

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The FxPro Tech Analysis Team
Tags: Cisco

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