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  1. #1
    Legendry Member milos's Avatar

    Weekly bearish trend, !!!

    Put option below 0.7580 with targets 0.7515 and 0.7490 in extension.

  2. #2
    Legendry Member milos's Avatar
    The downside prevails with targets 0.7515 and 0.7490 in extension.

    Support and resistance levels
    0.7645 resistance
    0.7620 resistance
    0.7588 last
    0.7515 support
    0.7490 support

  3. #3
    Legendry Member milos's Avatar

    Bad news for Aussie !!!

    The Reserve Bank of Australia cuts cash rate to record low of 1.50%.It was in line with the forecasts of economists.

    Building Approvals fell by 2.9% in June after falling 5.4% in the previous month while economists expected growth of 0.9%.

    Trade Balance fell in June to minus 3.2 billion dollars from minus 2.42 billion dollars in the previous month. Analysts had expected to rise to minus 2 billion dollars.

  4. #4
    Legendry Member milos's Avatar
    Key resistance 0.7665. Below 0.7665 with targets 0.7596 and 0.7570 in extension. The RSI broke below a rising trend line. The pair has broken below the lower boundary of a bullish channel.

    Supports and resistances levels
    0.7730 resistance
    0.7705 resistance
    0.7665 resistance
    0.7633 last
    0.7596 support
    0.7570 support
    0.7550 support

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