It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: the bears looks for 0.7500
Technical levels: support – 0.7530, 0.7490; resistance – 0.7580
- Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7490.
Reason: expanding bearish Ichimoku Cloud with huge diapason and falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the market is on the new lows again, but the main target of the Bears is 0.7500.
GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down.
AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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