EURAUD currency pair recently reversed up from the strong support level 1.6020 (which stopped the multi-month downtrend in June) intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 1.6020 will likely form the daily Japanese candlestick reversal pattern Morning Star.
Given the strength of the support level 1.6020, bullish euro sentiment and the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6260 (former low from August).
- EURCAD reversed from key support level 1.4900 - Likely to rise to resistance level…
The Dollar Index is rising for the fourth consecutive day, gaining over 1.7%, and is…
The crypto market lost 1.44% of its capitalisation in 24 hours to $2.13 trillion amid…
- WTI reversed from pivotal resistance level 71.30 - Likely to fall to support level…
- Apple reversed from support level 225.00 - Likely to rise to resistance level 232.50…
The Hang Seng is up 9.6% from its closing level on 30th September, the second…
This website uses cookies