AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
XAU/USD: bulls are counterattacking
Recommendations:
BUY $1328 SL $1313 TP2 $1346 TP2 $1358
SELL $1302 SL $1317 TP1 $1272 TP2 $1245
On the daily chart of XAU/USD, bulls to continue the rally to 127.2% and 1.618% of the senior and junior AB=CD need to overcome resistance at $1,340 and $1,360 an ounce. On the other hand, another test of support at $1,302 in case of success will lead gold to 88.6% target of the “Shark” pattern.
On H1, a break of resistance at $1,328 will open the way to 113% and 88.6% targets of the “Shark”.
Ivan Karamazov
Similar
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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