• EURAUD under bullish pressure
• Likely to rise to 1.7000
EURAUD under bullish pressure after the earlier upward reversal from the support zone located between the key support level 1.6595 (former monthly high from January) and the lower daily Bollinger Band.
The upward reversal from this support area started the active impulse sequence 1 – which is a part of the medium-term impulse wave (1).
Given the clear bullish divergence on the daily Stochastic – EURAUD is expected to rise further toward the next resistance level 1.7000 (target price for the completion of the active sub-impulse (i)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies