If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.
Daily Market Analysis
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EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows.
USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area.
AUD/USD closed below the 50-day MA at 0.6958 and the line connecting June and July lows.
The stock of Apple met the resistance of the line connecting 2018 and 2019 highs.
USD/SGD will likely run into resistance and turn down allowing to make a bearish trade.
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Technical analysis of CAD/CHF
The currency pair was long due for a correction. Last week’s candlestick on W1 is a “shooting star”.
On H4, the EUR/USD pair has fallen to the important support at 1.1126 and rebounded.