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This Tuesday the pair continued to decline. AO index is in negative zone below line of balance, but above line of support/resistance. Monday’s minimum was not updated. Seems like, it can be a correction. In this case nearer target is zone of resistance 1.11827-1.11877, above which opens a way to area of elder movings 1.12446. In case of continuation of downside movement nearer target may be daily pivot S2 1.10753, then - 1.10562.
Daily levels of support: 1.10935, 1.10753, 1.10562
Daily levels of resistance: 1.12324, 1.12597, 1.12839
This Tuesday the pair sharply decreased, having recovered correlation with euro/dollar. At the given moment there is a support in area of weekly pivot S1 1.53477. AO index is in negative zone below level of balance and line of support/resistance. Seems like, downside way is not over yet, but morning’s dynamics show some correction. If the pair goes up, nearer target area will be a zone of elder movings 1.53950-1.54160. If we fix and go up, we will reach level 1.54675 with MA 200. Downside direction may lead us to nearer target level 1.52841
Daily levels of support: 1.53477, 1.52841, 1.52180
Daily levels of resistance: 1.54064, 1.54725, 1.55016
Movement of the pair for two days has been fixing within range 119.623-120.470. Zone 120.082-120.000 is watershed. At the given moment price is trying to fix above this range. AO index is in negative zone below line of balance and line of support/resistance. If the pair overcomes watershed, it will reach yesterday’s extremum at level 120.47. Higher opens a way to zone of resistance 120.874-120.948. Decline of the pair below this range may lead us to level 119.235, and lower to 119.013.
Daily levels of support: 120.000, 119.623, 119.235, 119.013
Daily levels of resistance: 120.082, 120.470, 120.874, 120.948