AUD/CHF reached sell target 0…
Daily Market Analysis
There's a downward correction, which is taking place on the four-hours chart.
There's a pullback from the lower "Window", but we've got a "Tower" at the last high.
There's a "Double Top", but bears couldn't move on because of support by the 34 Moving Average.
Bulls have broken the last "Triangle", but price faced resistance at 1.0991, so there's a consolidation.
EUR/AUD broke pivotal resistance level 1…
AUD/USD broke support zone Next sell target - 0…
If a pullback from the upper side of the current ending diagonal happens, there’ll be time for correction.
Considering that there isn’t any reversal pattern so far, the price is likely going to climb even higher.
We’ve got a pullback from the 89 MA. However, there’s a “Shooting Star”, but a confirmation of this pattern is a quite weak.
We’ve got a “Double Top”, which has been confirmed by the last “Pennant”. The 89 Moving Average is acting as a support.
The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”.