After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
USD/CAD: bulls pull the pair up
BUY 1.3425 SL 1.337 TP1 1.3525 TP2 1.3565 TP3 1.36
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues. Their 88.6% and 127.2% targets mark the convergence zone near the 1.36 level. Bulls need to break the resistance at 78.6% of the "Bat" pattern's XA wave to pull the pair further up.
On H1, the return to the support at 1.3285 followed by the implementation of the "Broadening Wedge" pattern will increase the risks of the fall. Otherwise, if the resistance at 1.3425 is broken, the pair will keep moving up.
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.