AUDUSD justifies a bearish candlestick formation, namely Gravestone Doji, to post the biggest daily losses in a fortnight the previous day. RSI retreat adds strength to the latest declines, suggesting further weakness towards an upward sloping support line from December 20, around 0.7150. During the pair’s weakness past 0.7150, the 0.7080 level may offer an...
CUMMINSIND reaching Major Structure Zone (Yellow)
which has been a support now acting as resistance.
Tested and failed in September' 19 & January' 20
In Confluence with below
1). Weekly timeframe - 0.886(Bearish Bat) & 1.618 AB=CD
Patterns PRZ converging within 610-630 zone
2). RSI 70.64
3). Monthly timeframe - touching 0.382
Targets
1 - 485
2 - 406
