USD/CAD: the CAD has chances
On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.
AUD/USD: bulls counterattack
Recommendation:
BUY 0.7850
SL 0.7795
TP1 0.7905 TP2 0.8 TP3 0.8095
On the daily chart of AUD/USD, convergence area of 0.7740-0.7760 became a very hard obstacle for bears. Bulls managed to lead the pair above 50% of the last bullish wave and want to continue the uptrend.
On H1, AUD/USD reached the targets of “Three Indians” and 1-2-3. If Aussie quits the descending trend channel, the risks of decline to 88.6% and 161.8% of “Bat” and “Crab” will increase.
Ivan Karamazov
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