USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
AUD/USD: aussie is overbought
Technical levels: support – 0.7530, 0.7590; resistance – 0.7660
- Sell — 0.7640; SL — 0.7660; TP1 — 0.7590; TP2 — 0.7530.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen, but narrowing channel Tenkan-Kijun; the market tested Cloud’s resistance on daily timeframe and overbought now.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…