AUDUSD is beginning to bounce lower after testing the 0.6830 level, and we note that Stochastic has lost its positive momentum to move around overbought areas, supporting the chances of resuming the main bearish trend, targeting 0.6700 then 0.6625 as the next major stops.
From here, our bearish outlook will …
Speer Bank continues its downtrend after exiting the ascending channel within which it was moving.
The price managed to hold below the 20-50-7 moving averages
They move above the price and form resistance levels
The stochastic indicator has exited the oversold area but it is in a side path near …
USDJPY has managed to achieve our first awaited target at 105.50, and we note that the price starts today with a bearish bias to move below this level, supporting the expectations for a short-term downside wave, where our next target is at 104.60.
Therefore, the bearish trend will remain valid …
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