liquidity zone , multiple spikes into this region above the formation of 2 dojis, signalling sell order are building in this region
daily support is in red should we get a 4 hourly close below, we can begin to see this pair melt to around 111.600
price could pull back to 111.963 where 61% fib lines up with moving average
With GOLD poised for a drop to test 1290 region
It suggests dollar strength is incoming, this is backed with the DXY sitting on a trend line
ideal target for aud/usd is last major swing low which lines up with a trendline
wick to wick fib lines up 50% fib with monthly resistance at 1.13200
Once gold rejects of 3110 & FULFILLS IT 21 SMA RETEST ON DAILY
AND DXY BOUNCES OF 96.80
EUR/USD SHOULD BEGIN ITS MELTDOWN TO 1.11
OIL SEEMS TO HAVE FULFILLED ITS RETRACEMENT TO THE 61% FIB
ADDITIONAL CONFLUENCE;
PRICE SEEMS TO HAS ALSO REJECTED OF THE 21 SMA ON THE ON 2HR CHART, PROVIDING AN OPPORTUNITY TO CATCH THE IMPULSE WAVE OF THE ELLIOT WAVE OR LEG 3.
Fib extension levels fall just shy of monthly resistance of $63
USD/CAD chart also shows price is over extended and due a pullback
