Thursday mixed economic data didn’t let the US dollar index to break the psychological level at $95.
AUD/USD: aussie in positive zone
Technical levels: support – 0.7500, 0.7530; resistance – 0.7580, 0.7600
- Buy — 0.7530; SL — 0.7510; TP1 — 0.7580; TP2 — 0.7600.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but lines are horizontal; the market breaking out through the SSB’s resistance and may retest 0.7600.
On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.
On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.
USD/CAD rising inside minor impulse wave 3 Next buy targets - 1…