Tag: AUDUSD

• AUDUSD broke support zone• Likely to fall to support level 0.6900 AUDUSD currency pair recently broke the support zone lying between support levels 0.7025 (low of the previous wave (1)) and 0.7000. The breakout of this support zone accelerated the active impulse wave 3 of the medium-term impulse wave (3) from the start of […]

• AUDUSD reversed from resistance zone• Likely to fall to support level 0.7400 AUDUSD currency pair recently reversed down from the resistance zone located between the key resistance levels 0.7545 (June high) and 0.7595 (October barrier) The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Having just broken […]

• AUDUSD reversed from resistance level 0.7530• Likely to fall to support level 0.7430 AUDUSD currency pair recently reversed down from the pivotal resistance level 0.7530 (which has been reversing the price from last October), intersecting with the upper daily Bollinger Band. The resistance zone near the resistance level 0.7530 was further strengthened by the […]

• AUDUSD broke resistance level 0.715 • Likely to rise to resistance level 0.7300 AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys). The breakout of the resistance level 0.715 coincided with the breakout of the 50% Fibonacci correction of the previous sharp impulse wave 1. […]