USD/CHF reversed from resistance zone Next sell target - 0…
AUD/CAD reversed from major support level 0.9580
- AUD/CAD reversed from major support level 0.9580
- Next buy target 0.9700
AUD/CAD recently reversed up from the powerful, long-term support level 0.9580 (which also stopped the sharp downtrend at the start of December, as can be seen below). The support area near the support level 0.9580 was strengthened by the lower daily Bollinger Band. With the oversold daily Stochastic, AUD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9700 (top of wave (iv)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…