– EURAUD reversed from key support level 1.6300
– Likely to rise to resistance level 1.6500
EURAUD currency pair recently reversed up from the key support level 1.6300 intersecting with the lower daily Bollinger Band and the support trendline of the weekly down channel from August.
The upward reversal from the support level 1.6300 stopped the previous impulse waves iii and 3.
Given the bullish divergence on the daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.650 (which stopped the earlier minor correction ii).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies