Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
AUD/USD is becoming stale on a ledge
TP1 0.802 TP2 0.807
On the daily chart, AUD/USD bulls are trying to resume the uptrend. For that they have to conquer resistance at 0.7960 and return the pair to the short-term rising channel. In such circumstances, advance to 200% target of AB=CD has all chances to continue.
On H1, AUD/USD keeps forming corrective pattern “Spike and ledge” on the basis of 1-2-3. A break of resistance at 0.7960 will increase the odds of reaching 88.6% and 113% targets of the Shark.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
On a daily chart of AUD/USD, 88.6% and 113% targets of the “Shark” pattern were reached.
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...