Today we are seeing a nice setup on EURAUD as it is approaching our short term ascending support line and is testing our first support where we expect a bounce off that level. Stochastic is also seeing a bullish divergence in line with our bullish bias. AUDJPY is also approaching our resistance and we are expecting a drop to our major support level. RSI is also approaching our resistance and a reaction off this level might see a corresponding drop in price. Here are some of our nice calls previously: 1. GBPAUD dropped perfectly from our first resistance to hit our major support target: 
2. USDCAD dropped nicely to our major support target: 
3. EURJPY dropped perfectly from our first resistance to hit our major support target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.