The AUDCAD confirmed its surrender to the dominance of the bearish corrective trend by its stability below the resistance at 0.9980, forming several bearish corrective waves and approaching the initial target at 0.9775.
We will depend of forming extra barrier at 0.9855 level, note that the continuation of providing negative momentum by stochastic will provide a chance to gather more gains by forming new bearish corrective waves, to target 0.9745 level reaching 0.9685 support.
The expected trading range for today is between 0.9745 and 0.9820
Trend forecast: Bearish
The EURJPY pair benefited from the main indicators’ positivity, keeping their stability above 184.25 support, forming several bullish waves, achieving the initial targets by reaching 185.45.
MoreThe GBPJPY pair returned to settle near 214.50 level, affected by the attempt of providing bullish momentum by the main indicators, to delay the bearish corrective attempts temporarily, facing positive momentum will ease the mission of breaching the current barrier, to begin targeting some bullish stations by its rally towards the resistance at 215.50.
MoreThe continuation of facing negative pressure by Platinum price led it form new bearish waves, to settle below $1742.00 level, surpassing the initial extra target by reaching $1660.00.
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