
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
AUD/USD was one of the pair which posted strong gains across the board, with the Australian Dollar gaining momentum above the 0.7600 milestone. However, the pair is entering a consolidation phase that could allow a corrective move towards the Fibonacci area of 50% and 65%, between the 0.7596 and 0.7567 levels. Around that zone, we can expect demand for the Aussie in order to rally towards the -23.6% Fibo level at 0.7737.
RSI indicator remains in the negative territory.
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
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...
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