AUD/USD

audusd1-1024x464 (1)

AUD/USD moves inside the consolidation for the 5th consecutive session – below the resistance zone 0.7209-0.7241 formed by Tenkan-sen and Kijun-sen. Breaking above these two moving averages on August 21st generated a still valid selling signal. Potential target may be found around 0.9658 and 0.6836. Breaking above Kijun-sen resistance will broaden a correction to the third level – Senkou Span B at 0.7428.

GBP/JPY

gbpjpy4-1024x464

The most important resistance at GBP/JPY may be found near 189.27. It is a Kijun-sen on the daily chart and Tenkan-sen at W1. We recommend to wait for retest of this level and if the correction does not break above Senkou Span B 189.57 we will look for selling signal on the lower TFs – potential target below 181.25.

USD/CAD

usdcad5-1024x464

USD/CAD was able to break above another resistance level but the momentum is slowing down and traders are not sure how should the further moves look like. Kijun-sen did not move during last session and falling below Tenkan-sen 1.3187 may indicate that price would try to approach MA 1.3106.

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