Technical levels of AUD/CAD
EUR/AUD reversed from resistance zone
- EUR/AUD reversed from resistance zone
- Next sell target - 1.4930
EUR/AUD continues to fall after the earlier downward reversal from the resistance zone lying between the powerful, multi-month resistance level 1.5190 (which has been reversing the price from the May) and the upper weekly Bollinger Band. The previous downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star. EUR/AUD is expected to fall further toward the next sell target at the next support level 1.4930.
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...