XAU/USD reached resistance of the uptrend channel in the area of 1347.
USD/CHF: franc is waiting for a signal
BUY 0.9965 SL 0.991 TP1 1.0065 TP2 1.0165 TP3 1.0195
SELL 0.9855 SL 0.991 TP1 0.9755 TP2 0.9725 TP3 0.9625
On the daily chart, USD/CHF keeps consolidating in the 0.9855-0.9995 range in line with the “Spike and ledge” pattern. A break of its upper border will increase the odds of getting to the target of the “Wolfe waves” pattern. On the other hand, a test of support at 0.9855 will open the way down.
On H1 of USD/CHF, there’s potential for formation of the “Widening wedge”. For that, bears need to pull the pair below 0.9855.
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…