Victoria's Daily Journal

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AUD/USD is still consolidating around the resistance at 0.7140. Whether there will be a move to the downside remains to be seen.
 
AUD/USD has formed a spinning top candlestick at 0.7140 on the four-hour time-frame. That particular candlestick is a signal for indecision, not a reversal, so the move to the upside may still continue.
 
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EUR/USD formed a shooting star candlestick on the daily time-frame at 1.1620 and bounced off from that resistance. It is currently testing the support at 1.1530, a breakout below that level could lead to a further move to the downside towards 1.1430.
 
EUR/USD did break out below 1.1530 and the move to the downside towards 1.1430 continues. A breakout below that level in turn could lead to another drop towards 1.1300.
 
AUD/USD found some support at 0.7090 and formed a doji candlestick on the four-hour time-frame at that level before bouncing off from it. Next target is likely at 0.7130 again.
 
EUR/USD did reach 1.1430 and bounced off from that support. It is currently moving to the downside back towards that level, a breakout below it could lead to another drop towards 1.1400.
 
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AUD/USD continues moving to the downside. If it breaks out below the last low at 0.7040 next target will likely be around 0.7000.
 
EUR/USD finally broke out below the support at 1.1400 and next target is likely the last low that was formed at 1.1300.
 
Welcome to FPA. I keep meaning to post stuff on my thread but I don’t have the patience for it at the moment. Hope your account is fatter by the day.
 
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