NZD/USD made a confident rebound during the recent two weeks.
AUD/USD: aussie is oversold
Technical levels: support – 0.7610; resistance – 0.7690
- Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730.
Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; but the prices are on the strong daily support.
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...