All the Moving Averages have been broken, but bulls faced with resistance at 1.3311, so the price is consolidating...
Daily Market Analysis
The price is consolidating between the levels 1.1668 - 1.1615. The main intraday target is the nearest resistance at 1.1695...
GBP/CAD broke strong resistance level 1…
GBP/CHF broke pivotal resistance level 1…
AUD/NZD is consolidating around the 200 SMA at H1 chart, which is acting as dynamic support…
The 55 Moving Average has acted as support, so there are a "Hammer" and a "Doji" patterns on this line, so...
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 MA...
There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so...
The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance...
The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601...
Recommendation: BUY 1…
Recommendation: SELL $1264 SL $1279 TP $1237 TP2 $1212 On the daily chart, the first attempt to test support at $1264-1267 an ounce was a failure…