GBPAUD today reversed down from the major resistance area lying between the long-term resistance level 1.8540 (which also stopped the previous uptrend at the start of 2018) and the upper weekly Bollinger Band.
The downward reversal from this resistance area stopped the earlier medium-term impulse wave (C) from August.
Given the overbought reading on the weekly Stochastic – GBPAUD is expected to fall further and re-test the next support level 1.8340 (former resistance from last month).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
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…
This website uses cookies
