Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
AUD/USD: confirmed 'V-Bottom' pattern
Information is not investment advice
Bears faced with support at 0.6864 last Friday, so the price is consolidating. Also, there's a 'V-Bottom' pattern, which has been confirmed. Thus, it's likely that the market is going to test the nearest resistance at 0.6936 - 0.6962 in the short term. If a pullback from this area happens little later on, there'll be a green light for another decline towards the next support at 0.6891 - 0.6864.
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