The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
AUD/USD: bears got hungry
SELL 0.762 SL 0.7675 TP 0.75
BUY 0.773 SL 0.7785 TP1 0.782 TP2 0.786
On the daily chart, AUD/USD reached 88.6% target of the “Shark” pattern. After that, there was a pullback towards 23.6% of the wave CD. The pair consolidated in the range between 0.7620-0.7735. If the pair leaves this range, risks of realization of 113% target or a correction to the medium-term bearish trend will increase.
On H1, rebound from the current levels will allow the bulls to count on the “Widening wedge” pattern. On the other hand, renewal of October low will point at the further decline.
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
After its extensive decline last week, the USD can make a small comeback.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.