USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
AUD/USD: the Bulls feel good
Technical levels: support – 0.7370, 0.7330; resistance – 0.7390
- Buy — 0.7440; SL — 0.7420; TP1 — 0.7490.
- Sell — 0.7490; SL — 0.7510; TP1 — 0.7420; TP2 — 0.7390.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the prices are in positive zone and going to main daily resistance 0.7490.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
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...