Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
AUD/USD: the "Australian" approached Rubicon
SELL 0.7475 SL 0.753 TP1 0.741 TP2 0.734
BUY 0.7545 SL 0.749 TP1 0.7635 TP2 0.7745 TP3 0.7815
On the daily chart of AUD/USD, after the pair reached the 161.8% target of the “AB=CD” pattern, it started consolidating within 0.7465-0.7565. The break of its bottom line will let bears continue the sharp decline to 200%, 224%, and 261.8% targets.
On H1, there is an implementation of the “Spike and ledge” pattern within the correction to the downtrend. A successful break of the upper boundary of the 0.75-0.7545 consolidation will increase risks of the pullback.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...