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 out of their cage
TP1 0.7525 TP2 0.7600 TP3 0.7640
On the daily chart of AUD/USD, bulls managed to counterattack and trigger the “Shark” pattern. If they manage to settle above 0.7450, the odds of the rally’s continuation towards the upper border of the downtrend channel will increase. Its break will allow the Aussie to count on the advance to targets of “Wolfe waves” pattern.
On H1 of AUD/USD, there’s a “Broadening wedge” pattern. Pullbacks to 23.6%, 38.2% and 50% of the wave 4-5 are usually used for long positions.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…