– GBPAUD broke weekly down channel
– Likely to rise to resistance level 1.9265
GBPAUD currency pair recently broke the resistance trendline of the weekly down channel from last September.
The breakout of this this down channel accelerated the active intermediate impulse wave (3).
Given the strong Swiss franc sales seen across the FX markets today, USDCHF can be expected to rise further to the next resistance level 1.9265 (which has been reversing the price from October).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
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