• EURAUD reversed from support zone
• Likely to rise to resistance level 1.6130
EURAUD currency pair recently reversed up from the support zone lying between the key support level 1.5935 (former resistance from January and July) and the 38.2% Fibonacci correction of the upward impulse from the start of July.
The upward reversal from this support zone started the active short-term impulse wave (iii).
EURAUD currency pair can be expected to rise further toward the next resistance level 1.6130 (top of the previous impulse wave (i)).
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
This website uses cookies
