USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
AUD/USD: aussie on fire
Technical levels: support – 0.7370, 0.7330; resistance – 0.7420, 0.7490
- Buy — 0.7370; SL — 0.7350; TP1 — 0.7400; TP2 — 0.7420.
- Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7330.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are going to lows of May 2017.
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...