
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
The price has reached the nearest resistance area, but there isn’t any reversal pattern so far. Therefore, there’s an opportunity to have a local correction in the short term. Nevertheless, bulls are likely going to continue pushing the market even higher until any bearish pattern arrives.
The 55 Moving Average has acted as a support, so the price is rising. At the same time, we’ve got an “Evening Star”, but a confirmation of this pattern is a quite weak. In this case, bears are likely going to test the closest support, which could be a departure point for another bullish price movement.
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
There's a 'Triple Bottom', which pushed the market higher, so all the Moving Averages have been broken...
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
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…
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