• EURAUD reversed from support level 1.4370
• Likely to rise to resistance level 1.4600
EURAUD currency pair recently reversed up from the support level 1.4370 (which stopped the sharp downtrend in April) intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 1.4370.10 stopped the previous short-term downward impulse wave 3, which belongs to wave (3) from the start of August.
Given the clear bullish divergence on the daily Stochastic, EURAUD currency can be expected to rise further toward the next resistance level 1.4600.
- 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…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies