XAU/USD reached resistance of the uptrend channel in the area of 1347.
AUD/USD: bulls look strong
Technical levels: support – 0.7950; resistance – 0.7990.
- Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080.
Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are in the Cloud, but bulls are trying to break out into the positive area.
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...