Market Breakdowns: AUD/USD Below Key Support [Video]

 

AUD/USD is now below key weekly support at 0.7750, and having made lower highs and lower lows, we see this pair sliding much lower, possibly towards 0.7500.
 
EUR/JPY is also in bearish territory, having rejected the 132.00 handle, and we expect a pullback before price continues to head south. This pair has recently changed sentiments and is now bearish on the higher timeframes
 
Looking at cryptocurrencies, we see some more bearish movement, before these turn bullish again. We look at Litecoin, which is currently retracing before resuming its push higher.
 

 

Risk Warning: This is the SBForex view of the market and is not trading/investment advice. Foreign Exchange and CFD trading carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose.