Recommendation: BUY 0…
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.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…