USD/CHF: franc broke loose

USD/CHF: franc broke loose

On the USD/CHF daily chart, the Bears managed to withdraw quotes from short-term upward and long-term downward trading channels. This increases the risks of realization of the targets 224% and 127,2% in the AB=CD and Crab patterns. In case of the strong bearish trend you should consider selling on the growth. The nearest resistance can be found at 0.9635.

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On the USD/CHF hourly chart, the downward movement continues. Bears indicated their presence at the level of 0.964.

CHF2.png

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USD/CAD: sellers lost the initiative

On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.

AUD/USD fell from the ledge

Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.

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EUR/USD: euro hung on Tenkan-Kijun

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