USD/TRY has moved sharply down this week falling to the support line since the end of November.
Daily Market Analysis
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
There's a moment for a bearish correction, so we should watch the closest support at 1.2857 - 1.2930 as a target...
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD has approached the support line from the end of October.
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The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...
If a pullback from the nearest support could lead to an upward price movement towards the next resistance...
The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.
It looks like the downside is still not finished.
There's a bearish 'Three Methods' pattern, so the price is likely going to test the next support at 1.1363 soon...
We should watch the closest important resistance at 1.2930 - 1.2057 as an intraday target...