AUD/USD: waiting for the bears at 0.78

AUD/USD: waiting for the bears at 0.78

AUD/USD has been in a recovery mode since October 6th and now it looks like that a offer zone could be tested in coming hours. Such area lies between the 0.7802 and 0.7824 levels and we can expect a pull back around it in order to shift the focus towards the -23.6% at 0.7698. To the upside, if the Aussie manages to break above 0.7824, then we might expect an advance towards October 4th highs at 0.7873.

RSI indicator remains in the positive territory.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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