XAU/USD reached resistance of the uptrend channel in the area of 1347.
USD/CAD: the fights around 1.28
BUY 1.2920 SL 1.2865 TP1 1.3020 TP2 1.3160 TP3 1.3290
SELL 1.2730 SL 1.2785 TP1 1.2630 TP2 1.2570 TP3 1.2000
On the daily chart of USD/CAD, there’s a “Spike and ledge” pattern. A successful test of the lower border of the 1.2730-1.2920 consolidation range with the following renewal of May high opens the way up to 127.2% target of AB=CD. On the other hand, a break of support at 1.2730 will increase the odds of 127.2% target of a “Bat”.
On H1, the risks of USD/CAD going to 88.6% and 161.8% targets of “Shark” and AB=CD are balanced.
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…