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.
Trade fermée: ordre d’arrêt atteint
Markets bounced back from the support zone.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.