On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
AUD/USD: aussie inside a Cloud
Technical levels: support – 0.7330, 0.7370; resistance – 0.7440
- Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7330.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are entered inside a Cloud and may test upper border Cloud.
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...