The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
AUD/USD: bulls are betting on the triangle
BUY 0.7565 SL 0.751 TP1 0.7665 TP2 0.7775
SELL 0.745 SL 0.7505 TP1 0.737 TP2 0.735
On the daily chart of AUD/USD, there is a consolidation within the bearish trend. A break of upper boundaries of the ascending triangle and the downward channel will implement the “Shark” pattern with the 88.6% target.
On H1, the AUD/USD is moving within the 0.745-0.7565 channel. A successful break of its upper boundary will let bulls to move upwards, a break of the bottom line will pull the pair to the 127.2% target of the “Perfect butterfly” pattern.
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...