AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
USD/CHF: bulls got a chance
Recommendations:
BUY 0.958
SL 0.9525
TP1 0.968 TP2 0.974 TP3 0.979
On the daily chart of USD/CHF, bulls managed to push the pair out of the long-term downtrend channel and implement the “AB=CD” pattern with the 224% target. To continue the rally, the pair should break the resistance at 0.9811.
On H1, the “Spike and reversal with acceleration” pattern is implemented. The bullish trend will continue until the pair falls below the bottom boundary of the uptrend. Pullbacks to supports at 0.958 and 0.9555 may be used for long positions.
Ivan Karamazov
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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