It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
AUD/USD: the Bulls returned to game
Technical levels: support – 0.7120; resistance – 0.7175.
- Sell — 0.7175; SL — 0.7200; TP1 — 0.7120; TP2 — 0.7100.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are in positive area and the Bulls will test the main resistance near 0.7200, but the market is overbought.
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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