EUR/USD: local bearish 'Tweezers'
If the 144 Moving Average acts as resistance, the market is likely going to test the nearest support at 1.1558...
GBP/AUD broke support zone
- GBP/AUD broke support zone
- Next sell target - 1.7400
GBP/AUD recently broke below the support zone lying between the support level 1.7730 (which stopped the previous impulse wave 1 earlier this month, as can be seen below) and the 38.2% Fibonacci correction of the previous upward ABC correction (2) from the start of June. GBP/AUD is expected to fall further toward the next sell target at the next support level 1.7400 (low of wave (1) from June).
Dmitry Chernovolov
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