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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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Pullback Considered Corrective

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Corrective Cycle

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Corrective Bounce

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Path Of Least Resistance Remains Up

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.7245 2.00 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 3: 0.7202 High Jun 9
  • RES 2: 0.7172 1.764 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 1: 0.7142 High Jan 26
  • PRICE: 0.7078 @ 16:23 GMT Jan 30
  • SUP 1: 0.6994/6958 Low Nov 24 / 20-day EMA
  • SUP 2: 0.6872 Low Jan 19 and a key support
  • SUP 3: 0.6836 50-day EMA
  • SUP 4: 0.6688 Low Jan 3 and key support

AUDUSD remains firm and is trading closer to its recent highs. Last week’s gains resulted in a break of resistance at 0.7063, the Jan 18 high. This has confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. The focus is on a move to 0.7172 next, a Fibonacci projection. On the downside, short-term support is seen at the 20-day EMA - it intersects at 0.6958.

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  • RES 4: 0.7245 2.00 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 3: 0.7202 High Jun 9
  • RES 2: 0.7172 1.764 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 1: 0.7142 High Jan 26
  • PRICE: 0.7078 @ 16:23 GMT Jan 30
  • SUP 1: 0.6994/6958 Low Nov 24 / 20-day EMA
  • SUP 2: 0.6872 Low Jan 19 and a key support
  • SUP 3: 0.6836 50-day EMA
  • SUP 4: 0.6688 Low Jan 3 and key support

AUDUSD remains firm and is trading closer to its recent highs. Last week’s gains resulted in a break of resistance at 0.7063, the Jan 18 high. This has confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. The focus is on a move to 0.7172 next, a Fibonacci projection. On the downside, short-term support is seen at the 20-day EMA - it intersects at 0.6958.