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

USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

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Pullback Extends, But Still Looks Corrective in Nature

AUDUSD TECHS
Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign 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: 0.7158 High Feb 2
  • PRICE: 0.6963 @ 16:32 GMT Feb 3
  • SUP 1: 0.6930 Low Feb 3
  • SUP 2: 0.6872 Low Jan 19 and a key support
  • SUP 3: 0.6873 50-day EMA
  • SUP 4: 0.6722 Low Jan 6

The AUDUSD uptrend remains intact and short-term weakness is considered corrective, although Friday’s dip could signal a more protracted move lower. The print above resistance at 0.7142, Jan 26 high this week, confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode position, reflecting positive market sentiment. The focus is on 0.7172 next, a Fibonacci projection.

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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: 0.7158 High Feb 2
  • PRICE: 0.6963 @ 16:32 GMT Feb 3
  • SUP 1: 0.6930 Low Feb 3
  • SUP 2: 0.6872 Low Jan 19 and a key support
  • SUP 3: 0.6873 50-day EMA
  • SUP 4: 0.6722 Low Jan 6

The AUDUSD uptrend remains intact and short-term weakness is considered corrective, although Friday’s dip could signal a more protracted move lower. The print above resistance at 0.7142, Jan 26 high this week, confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode position, reflecting positive market sentiment. The focus is on 0.7172 next, a Fibonacci projection.