AUD/USD:
Despite a promising upward gap at the open off daily support at 0.6866, the Australian dollar concluded Monday weaker against its US counterpart, falling to a multi-month low of 0.6848. Amid fresh headlines suggesting India is to impose tariffs on US goods, alongside fears trade tension will continue to hurt the Chinese economy, the AUD/USD registered...
EURJPY is approaching its support at 122.19 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 123.03 (76.4% Fibonacci retracement, horizontal swing high resistance).
AUDUSD broke out of its major support and ascending resistance line where it could potentially fall further to its support at 0.6923 ( 61.8% & 76.4% Fibonacci retracement).
Ichimoku cloud shows signs of bearish pressure.
GBPJPY is approaching its support at 137.47 (61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 138.10 (50% Fibonacci retracement, horizontal swing high resistance).
NZDUSD is approaching its support at 0.6558 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6587 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.07% where a corresponding bounce could occur.
AUDUSD is approaching its support at 0.6951 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6989 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.
