AUD/CHF reversed from resistance zone Next sell target - 0…
EUR/AUD reversed from support area
- EUR/AUD reversed from support area
- Next buy target - 1.5700
EUR/AUD today reversed up sharply from the support area lying between the strong support level 1.5355 (former resistance level from October), 61.8% Fibonacci correction of the previous sharp upward impulse wave form the start of November and the support trendline of the daily up channel from September. EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5700 (top of the previous corrective wave (b)).
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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