GBP/USD turned down from the levels around 1.3015 this week and fell below the 100- and 200-day MAs in the 1.2960 area.
AUD/USD: will bulls show their weakness?
On the AUD/USD daily chart, there is a continuation of the near-term bearish trend.There are two resistances at 0.7425 and 0.745. If bulls fail to test them, it will be a sign of their weakness, and it will lead to the formation of short positions.
On the AUD/USD hourly chart, the realization of the Dragon pattern continues. To restore the upward short-term trend, bulls need to test the resistance at 0.7445. But at the same time, bears may easily regain control over the pair. They need to test the quotes located below the support at 0.7395. If it is tested successfully, the expanding wedge will be completed.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…