AUD/USD: bears are resuming the trend

AUD/USD: bears are resuming the trend


SELL 0.7515

SL 0.7570

TP1 0.7460

TP2 0.743 TP3 0.7415

On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions. To resume the downtrend, bears need to bring the pair to support at 0.7445 and 0.7410.


On H1 of AUD/USD, sellers are testing the lower border of the uptrend channel. If they succeed, the pair will trigger the “Bat” pattern with a target at 88.6%.



XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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