ANALYSIS
NQ100 Finds Support from PPIApr 14
AUDCHF Confirms Downtrend
Parity failed to maintain the recovery that it has put forward since the second week of October. Confirming the downtrend by reaching the 0.6455 region on November 4, parity seems to have ended the 100-period exponential moving average with subsequent decreases. Thus, the RSI oscillator for the appearance of the parity, which managed to achieve a sales potential again, continues to produce a negative signal with 40 points. Below, the break of 0.6275 support, last seen on October 20th, could accelerate the sell-off up to 0.6185, marked by the Fibonacci 100% expansion line, after 0.6230. In the upward attempts, the 0.6350 – 0.6400 line is a strong resistance zone.
