Recent Weakness in the AUD against the JPY has meant a downturn in the AUDJPY, We've placed a Fibonacci Retracement on the chart and the fib lines match up with previous support and resistance, we'll wait for a pull back up to the 0.236 line to go short, if that line breaks we can still have a chance at the 0.382 line.
LITECOIN could start to see a rise again as the market looks to be slowing around the key support levels around $170.00. Price looks to be slowing down as it approaches the trend line support which was once resistance. If we see bullish price action here we could look for long opportunities back into the highs.
GOLD has been on a tremendous run of recent and continues to test new highs. Looking for the market to have some form of correction however if the USD fail to kick in we could see the trend line being used as support and a break up to $1400.00. If we were to break lower we could see GOLD re-testing the $1300.00 level.
AUDUSD bounced perfectly of the 0.7500 level as expected. Price continues to move higher and is approaching the next weekly resistance level. The moving averages have crossed now and expect continued upside as the weekly trend seems to be starting. Ideally we would like to see a pullback into the support zone and 61.8 Fibonacci before looking for long ...