– GBPAUD broke daily down channel
– Likely to rise to resistance level 1.9600
GBPAUD currency pair today broke the resistance trendline of the daily down channel from the end of October (which encloses the earlier downward ABC correction (2) – which stopped earlier at the support level 1.9275).
The breakout of this down channel should accelerate the active impulse wave (3) – which belongs to the higher order impulse wave 3 from October.
GBPAUD currency pair can be expected to rise to the next resistance level 1.9600 (former top of wave B of the previous ABC correction (2)).
The RBNZ cutting its key rate by 50 b. p. suggests a faster pace of…
- EURUSD reversed from support area - Likely to rise to resistance level 1.0620 EURUSD…
Take note on changes in trading schedule during US Thanksgiving Day.
Bitcoin's recent correction has given altcoins a chance to shine, with the altcoin season index…
- AUDNZD reversed from resistance zone - Likely to fall to support level 1.1000 AUDNZD…
- EURAUD reversed from support zone - Likely to rise to resistance level 1.6350 EURAUD…
This website uses cookies