USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/CAD: bulls took a pause
TP1 1.2715 TP2 1.292 TP3 1.324
On the daily chart, bulls decided to take a pause after reaching the maximal level since the end of August. Until then, as long as the quotes are above support at 1.2462 (23.8% of the last medium-term term descending wave), buyers remain in control of the pair.
On H1, USD/CAD pulled back down after reaching resistance at 88.6% of the last descending wave and 161.8% target of AB=CD. To resume the uptrend bulls need to push the pair above 1.2595.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…