The wave of ups and downs in the Forex market did not bypass the exotic currencies in 2018. Let’s look at how analysts predict the performance of those ones, which suffered the most during 2018 - the Brazilian real and Turkish lira.
AUD/USD: trend turns down
Technical levels: support – 0.7570; resistance – 0.7620.
1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7540; TP2 — 0.7520.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A, the mood of a Cloud will be changed soon; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are going to the negative area.
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...