GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/AUD reversed from support area
- EUR/AUD reversed from support area
- Next buy target - 1.6160
EUR/AUD recently reversed up from the support zone lying between the support level 1.5860 (which reversed the previous wave (iv)), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from March. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer. EUR/AUD is expected to rise toward the next buy target at next resistance level 1.6160 (high of the previous impulse 1).
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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CHF/JPY broke powerful resistance level 115…