When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
AUD/USD is under strong resistance
Information is not investment advice
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830. Then it slid below the 50-day MA in the 0.6810 area and on Thursday the line acted as a resistance. The closing price of yesterday’s candlestick was significantly lower than that of the previous three days forming what seems like a “bearish flag”. On the H4, the MAs are in the negative order. All of this allows expecting that the pair will retest 0.6770 (61.8% Fibo of the October advance, November 14 low). A decline below this level will open the way down to 0.6750 and maybe even 0.6725 (78.6% Fibo). Bull will regain power only if AUD/USD recovers above 0.6830.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
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