18^th November 2021 Technical Analysis

AUDUSD

AUDUSD fell on Wednesday. The technical bias is bearish due to lower lows in the recent downtrend.

The pair is currently trading near 0.72644，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 0.72750

Resistance level 2: 0.72950

Resistance level 3: 0.73150

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 0.72500

Support level 2: 0.72300

Support level 3: 0.72000

Next Wednesday, the United States will announce the November Markit manufacturing PMI data. . Higher data indicate favourable to the US dollar, so it is negative for the AUDUSD currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the AUDUSD currency pair near the current level.

GBPJPY

GBPJPY fell on Wednesday, and the technical bias is bullish due to higher lows in the recent uptrend.

The pair is currently trading near 154.049，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 154.250

Resistance level 2: 154.500

Resistance level 3: 154.720

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 153.850

Support level 2: 153.600

Support level 3: 153.400

On Friday, the UK will announce the Gfk Consumer Confidence Index data for November. Higher data indicate favourable to the pound, so the GBPJPY　currency pair is bullish, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the GBPJPY currency pair near the current level.