CapMoore

Critical Channel Resistance

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 0 2
Price stands at the top of a defined channel and is
pushing the Kijun line (white line) for a break. A close
above the channel and daily R1 at 0,8205 may trigger
a deeper correction towards R2 at 0,8250 or Kumocloud
at 0,8270 and monthly S2 at 0,8278. On the downside,
watch a breaching of the triangle and daily pivotpoint
at 0,8160 for a test of the low at daily S1 and Weekly S2
around 0,8115
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