AUDUSD

The Aussie dollar coming off from monthly highs set on SEP 18th at 0.9526. The pair has closed higher yesterday after closing lower for 2 consecutive days. The long term trend in the pair is still to the downside, but another leg up before resumption of the bearish can’t be ruled out.

AUDUSD move higher can’t be ruled out before a resumption of the bearish trend

Support 0.9323 0.9224 0.9160
Resistnce 0.9526 0.9575 0.9652

SP500

The SP500 coming off the all-time high set on SEP 19th at 1732.52. The index has posted a 3rd consecutive day lower after forming a bearish pin bar on Sep 19th. Price action might forming an ascending triangle and we could be at the middle of wave E. The pair is currently trading just shy of 1700 level, former resistance now turned support.

SP500 closing a 3rd day in a row lower.

Support 1688.34 1680.70 1675.29
Resistnce 1710.30 1725.58 1729.42

GBPUSD

The Cable closed higher yesterday after coming from monthly highs, and closing lower for 2 consecutive days. The bullish remains intact as price action is forming a series of higher highs and higher lows. Bias remains to the upside as long as the pair is above Last Wednesday’s low at 1.5890. Another leg down can’t be ruled out before a resumption of the bullish trend.

Cable bullish trend remains intact as long as the pair is above Last Wednesday’s lows.

Support 1.6072 1.6150 1.6177
Resistnce 1.5983 1.5960 1.5891