USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
AUD/USD is setting a trap
TP1 0.802 TP2 0.8005
On the daily chart, bulls managed to defend support in the form of the upper border of the triangle and lower border of the uptrend medium-term channel. This increases the chance that the bullish trend will resume towards 200% target of AB=CD.
On H1, AUD/USD has many chances to reach the targets of the “Shark” pattern. When it gets to 113% target, there may be selling, however, with moderate targets. When the pair reaches these targets, bulls will likely regain the initiative.
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...