This AUDJPY seems to be forming a base with support 75.00/20. The quick move back up from the trendline and the 75.00/20 zone is promising. Let s see if we can move back above 76.20/35.
the AUDUSD moved up yesterday following Powell comment. It will start to face resistance at 0.6990. USDYEN: 107.60 is key support on the short term. Support & Resistance are well defined on the chart.
AUD/USD-Maintains heavy tone in narrow Asian range • AUD/USD traded in a 0.6919/31 through the Asian morning • Weak Aus consumer confidence sent AUD/USD to a session low • Buyers ahead of 0.6915 underpinned and it settled 0.6925 into the afternoon • AUD/USD support at 61.8 of 0.6832/0.7048 move at 0.6914 • Resistance at the 21-day MA at 0.6949 and break ease...
AUDUSD weakness has indeed proved to be corrective as suspected, with the market surging higher for a break above the .7036 high of Monday to negate the bearish “reversal day”, and we maintain our view we are on the cusp of seeing a base complete. A close above the June high at .7023 and then .7036 remains needed to confirm a base and an important turn higher...
has fallen sharply to challenge the 2018 low and medium-term uptrend from 2015 at 1.4766/60. A break below here would see a large top complete to mark an important change of trend lower with support then seen next at the 38.2% retracement of the entire 2012/2018 bull trend at 1.4616, with the long-term uptrend from 2012 and September 2017 low at 1.4442/41. The...