On the daily chart of AUD/USD, bulls and bears are fighting for the 78.6% level of the long-term upward wave.
GBP/USD: pound near daily support
Technical levels: support – 1.3290, 1.3240; resistance – 1.340.
- Sell — 1.3340; SL — 1.3360; TP1 — 1.3290; TP2 — 1.3240.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; pound made a new lows, but the main Bear’s targets are lower.
On the daily chart of NZD/USD, bulls couldn’t break above the upper boundary of the downward channel for the first time.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with rising lines.
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...