Technical levels of AUD/CAD
EUR/AUD reversed from key resistance level 1.4900
- EUR/AUD reversed from key resistance level 1.4900
- Next sell target - 1.4650
EUR/AUD has been falling in the last few trading sessions after the earlier sharp downward reversal from the key resistance level 1.4900 (which stopped the previous minor corrective wave B in November, as can be seen from the daily EUR/AUD chart below). The downward reversal from the resistance level 1.4900 created the daily Japanese candlesticks reversal pattern Shooting Star Doji.
Wit the daily Stochastic indicator still moving in the overbought area - EUR/AUD is expected to fall to the next sell target at the next support level 1.4650 (former resistance level which stopped the previous impulse wave 3 in April).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...