USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/CAD: bulls are in control
BUY 1.3065 SL 1.301 TP1 1.3165 TP2 1.3265 TP3 1.33
On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD). When they reach this area, the risks of a pullback will increase. Until that moment, any corrections may be used for buying as bulls are in control.
On H1, a pullback of USD/CAD to support at 1.3050-1.3065 will the following bounce may be used for buying.
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...