Overall view of AUDUSD - Update of June 17th week
Previous view: Odds of a bear continuation are medium, stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Actual outcome: Prices broke a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium/high with tiny chances of a reversal driving the price higher.
Possible targets : @0.68000 (+50pips) and @0.67250 (+120pips).
Advice : Stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Correlated pairs : NZDUSD (91.7%) and EURNZD (-84.6%).
We are more likely to experience a bear run continuation with the NZDUSD pair. In another hand, EURNZD stays bullish.
Actual outcome: Prices broke a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium/high with tiny chances of a reversal driving the price higher.
Possible targets : @0.68000 (+50pips) and @0.67250 (+120pips).
Advice : Stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Correlated pairs : NZDUSD (91.7%) and EURNZD (-84.6%).
We are more likely to experience a bear run continuation with the NZDUSD pair. In another hand, EURNZD stays bullish.
Dagangan ditutup: hentian tercapai
Markets bounced back from the support zone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.