MarketBreakdown | AUDUSD, EURCAD, GBPAUD, AUDCHF

25 Jul

https://www.tradingview.com/x/ZKrAupW4/

ere are the updates & outlook for multiple instruments in my watch list.

1️⃣ #AUDUSD daily time frame 🇺🇸🇦🇺

The pair violated a key daily horizontal support.
It opens a potential for a further bearish continuation.

Next support - 0.648

2️⃣ #EURCAD weekly time frame 🇪🇺🇨🇦

The market is approaching a significant weekly resistance cluster
that is based on 2 important historic highs.

I think that we may see a correctional movement/pullback soon.

3️⃣ #GBPAUD weekly time frame 🇬🇧🇦🇺

The pair is unstoppable. The price keep going up rapidly.

Ahead, I see 2 important historic resistances.
I believe that we will see a pullback from one of these structures.

4️⃣#AUDCHF daily time frame 🇦🇺🇨🇭

The market looks very oversold after a massive selloff.
The price is testing a key horizontal daily support at the moment.

I think that we may see a pullback from that structure.

Do you agree with my market breakdown?

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