Type: Bearish ReversalKey Levels:Resistance: 0.71703Pivot: 0.71235Support: 0.7029Preferred Case:On the H4, with price moving below the Ichimoku cloud and the descending trendline, we have a bearish...
Market Spotlight: First RBA Rate Hike Over A Decade
Aussie Bid Following RBA Rate HikeThe Australian Dollar has been in the spotlight today following the May RBA meeting overnight. The RBA took the historic move of hiking rates by 0.25% lows off their...
Daily Market Outlook, May 3, 2022
Daily Market Outlook, May 3, 2022 Overnight HeadlinesRBA Lifts Rates By 25bps, Just Weeks Out From ElectionAustralia’s Weekly Consumer Confidence Tumbles Amid Rate JittersNew Zealand Government Raises...
AUDUSD H4 | Potential For Bullish Continuation
Type: Bullish BounceKey Levels:Resistance: 0.72462Pivot: 0.71182Support: 0.65361Preferred Case:We see the potential of a bullish continuation from pivot level of 0.71190 in line with 78.6% fibonacci...
AUDUSD H4 | Potential For Bullish Bounce
Type: Bullish BounceKey Levels:Resistance: 0.7284Pivot: 0.71638Support: 0.70946Preferred Case:Price is near the key pivot level. We see the potential of a bullish bounce from pivot level of 0.71638 in...
AUDUSD H4 | Potential for Bearish Pressure
Type: Bearish ReversalKey Levels:Resistance: 0.75372Pivot: 0.74692Support: 0.74258Preferred Case:Price is dropping towards the ascending trendline. We see the potential for a bearish reversal from...
AUD Rallies On Hawkish RBA Meeting Minutes
Hawkish Details EmergeThe Australian Dollar is trading higher today following the release of the April RBA meeting overnight. The minutes confirmed a hawkish shift in the bank’s outlook with the bank...
AUDUSD H4 | Potential for Bullish Continuation
Type: Bullish BounceKey Levels:Resistance:Pivot:Support:Preferred Case:On the H4 timeframe, price is abiding to ascending trendline. We see the potential for a bullish continuation from our pivot...
AUDUSD H4 | Potential For Bullish Continuation
Type: Bullish BounceKey Levels:Resistance: 0.75383Pivot: 0.74413Support: 0.73682Preferred Case:Price is abiding by the ascending trendline. We see the potential for a bullish continuation from our...
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