USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
AUD/USD: pair to test nearest support
There's a 'Triple Top', which has been confirmed by the last 'Pennant' and 'Flag' patterns, so the price broke all the Moving Averages. It's likely that the market is going to test the nearest support at 0.7096 - 0.7086 by the local uptrend line. The subsequent pullback from this level could lead to the beginning of an upward correction towards the closest resistance at 0.7131 and the 89 Moving Average.
Sergey Logachev
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Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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