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AUDUSD reversed from strong resistance zone Likely to fall to support level 0.6620 AUDUSD currency pair recently reversed down from the strong resistance zone located between the key resistance level 0.6685 (which has been steadily reversing the price from the start of May) and the upper daily Bollinger Band. This resistance zone was further strengthened […]

The post AUDUSD Wave Analysis appeared first on Action Forex.

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22/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6468; (P) 1.6501; (R1) 1.6546; More… Range trading continues in EUR/AUD and intraday bias remains neutral for the moment. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance […]
17/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9389; (P) 0.9399; (R1) 0.9416; More…. Intraday bias in EUR/CHF stays neutral and further decline is in favor with 0.9444 resistance intact. On the downside, below 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Firm break there will resume larger down trend. However, decisive break of 0.9444 will argue […]
06/04/2024

GBP/USD Weekly Outlook

GBP/USD rebounded strongly to 1.2682 last week but retreated since then. Yet, there was no follow through selling. Initial bias is turned neutral this week first. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, […]