Monthly Archives: June 2018

AUDUSD Reacts to 2016 Trend Line

The AUDUSD is in the process of testing former multi-year trend line support as new resistance. The level extends from the 2016 low and connects with the December 2016/January 2017 low as well as the December low from last year.

I mentioned the April 23 breakdown one day later in this post. After…

NZDUSD remains below the upper Bollinger Band but indicators suggest further gains

NZDUSD has struggled below the 0.7050 strong resistance level and touched the upper Bollinger Band, which stands near the 38.2% Fibonacci retracement level of the downleg from 0.7395 to 0.6850. However, the technical indicators are sending bullish signals, suggesting that the bullish correction will…

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