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.
XAU/USD: Gold has come to the Rubicon
Recommendations:
SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215
BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349
On the daily chart of XAU/USD, the 1,282-1,308 consolidation continues. A break of its upper boundary will increase odds of a correction to 50% and 61.8% of the 4-5 wave of the “Broadening wedge” pattern. Conversely, a break of the support at 1,282 will let bears pull the pair down.
On H1, if the “Broadening wedge” pattern is implemented, the pair will reach the 200% target of the AB=CD. Vice versa, if the “Crab” pattern is implemented, the pair will reach its 161.8% target.
Ivan Karamazov
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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.
USD/JPY took a blow
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
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