AUD/USD: Aussie came closer to Rubicon

AUD/USD: Aussie came closer to Rubicon

On the AUD/USD daily chart, bulls managed to push the quotes beyond the downward trading channel and tested the resistance at 0.749. if it is broken successful, the way towards the 0.7525-0.7535 convergence zone will be opened. In contrast, the return of the Australian dollar to support at 0.745 will raise hopes for a downtrend recovery.

On the AUD/USD hourly chart, quotes reached 200%target in the AB = CD pattern. It corresponds to the upper border of the upward trading channel. It may lead to the rollback. To break the downward short-term trend, the resistances at 0.751 and 0.753 levels should be overcome.

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Check USD/TRY

USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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