Aussie & Cable Upside
AUDUSD & Cable set up for prolonged gains as US stock futures push to the upside. Smaller than expected US trade deficit at $36 billion to help sentiment as it means, hence a positive for no-USD currencies. Although daily stochastics in AUDUSD show sign of a peak, the fact that TL resistance was broken and that weekly stochastics remain positive suggests upside to breach the next targets at 0.6630s and 0.6720, which could be interrupted by an interim correction towards 0.6460s. Cable shows better technicals after having breached the $1.3970s, now facing two targets at $1.4120, followed by $1.4320.
Jan 11, 2023 10:57 | by Ashraf LaidiIf the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
Dec 6, 2022 14:34 | by Ashraf LaidiWe know the DXY is highly correlated with USD/CNH so if the Head-&-Shoulder on USD/CNH formation proves valid, then further USD downside lies ahead. ..
Nov 12, 2021 12:55 | by Ashraf Laidihttps://www.binance.com/en?ref=13288560...