A suitable monthly support zone and the closing of the monthly candle above this level will support the index
The relentless selling pressure has caused a major support level to break down, and now the first target in the range of 0.590 to 0.595 is within reach due to the loss of the channel
Despite the recent rise, due to some concerns and some ambiguities in the market, it can start to fall from the specified area and buyers save their profits.
In the monthly and weekly time frame, there is a huge upward trend that the price made a 5-wave correction after reaching the first resistance zone and now it can have higher goals in mind.
At the price of 80, Gartley's harmonic pattern is completed, which is also a good mental level
Selling pressure is high and this is a pullback to the broken level to continue falling. If the price is still unable to rise above the moving averages, the selling pressure will increase
Momentum analysis and closing of the weekly candle below EMA200 and daily bearish candle and creating a lower high tells us that selling pressure is more.
After the publication of the US CPI, which was lower than the forecasts, the US dollar broke down an important zone and the AUD also showed with a powerful candle in H4 above the EMA200 that it intends to break its daily resistance zone.
Selling pressure is high in the daily supply area and the return of the price below EMA 50
finally last monthly candle closed under the last low and EMA 50 and It shows sales pressure We are now at the beginning of a new month, so the recent price rise is not very valid good luck
If the price breaks the trend line and stabilizes above the moving averages, it will be bullish. The general trend is upward and the dollar will continue to rise
A harmonic pattern is being completed in D1 The general trend is still bullish be friend with trend
its so close to resistance in daily and i think it will stop bullish momentum in this zone and will go down to first support. also WTI after a good retrasement now will be bullish again so cad will be bullish too and fundamentally cad is hawkish and will up 0.75% Interest rate