AUD/USD: upside reversal above 0.6710

Please take into consideration that bullish breakout above 1.2340 will probably enable further advancement towards 1.2700. However, the GBPUSD bulls failed to record a new high above 1.2200. Instead

Price action around the key-level of (1.0550-1.0600) was quite bullish. That’s why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

The market has remained under buying pressure until a plateau level occurred around 1.0800-1.0850. This was followed by a significant SELLING price action leading to the recent price decline

On Thursday, the EUR/USD pair maintained its upward trend and managed to move above the corrective level of 161.8% (1.0609). The hourly and 4-hour charts show that the pair

NZDUSD is trading around 0.6240 after bouncing from recent low at 0.6131. In the 4 hour chart we observe that the recent bounce was part of a right hand shoulder

In case GBP/USD falls below the 21 SMA located at 1.2116, we could expect a bearish acceleration and the pair could find support at 1.2085

Pot3ential for the downside rotation

EUR/USD halted its move at a one-month support of 1.0579 and it is getting ready to rebound. The euro bears couldn’t push the price through support. Hence, the bulls