AUD/USD: aussie is in positive area now

AUD/USD: aussie is in positive area now

Technical levels: support – 0.7950; resistance – 0.7970, 0.8070

Trade recommendations:

  1. Buy — 0.7950; SL — 0.7930; TP1 — 0.8050; TP2 — 0.8070.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market entered into the positive area and may continue uptrend.

03-audusdh4.png

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On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.

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GBP/USD: confirmed "Thorn" pattern

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...

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