The beginning of the month was quite eventful for the Turkish lira. However, this week it started to lose its volatility. What is happening?
AUD/USD: Aussie chooses south
On the AUD/USD daily chart, the failure of the bulls to test the resistance at 0.7612 was a signal of their weakness. Quotes returned to support at 0.7523. If it is tested successfully, targets 127.2% and 161.8% in the "Crab" pattern will likely be implemented.
On the AUD/USD hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. Positions of big buyers are located near the 0.7515 and 0.7485 marks. If the levels are tested successfully, the sellers might count on the restoration of the downtrend.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…