EUR/CAD has approached the support line from the end of October.
AUD/USD: downtrend may continue
Technical levels: support – 0.7610, 0.7670; resistance – 0.7690
- Sell — 0.7660; SL — 0.7680; TP1 — 0.7610; TP2 — 0.7580.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices are corrected to Kijun’s support and now may continue the existing downtrend bounced from the lines.
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...