Hello Traders, what’s going on market after US closing? 😉

AUD/USD

Pinbar is building on a daily chart. Last local high has created a local resistance zone which stopped bulls on AUD/USD today. Remember that trend is still bullish so going short here is quite risky. It might be a beginning of a corrective move – reasonable target is marked red line.

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CAD/CHF

We might get bearish engulfing pattern on CAD/CHF right below key resistance zone. Swiss frank improves recently so it is possible for pair to correct previous gains.

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GBP/CAD

Pound is still depreciating and another daily candle reaffirms us in short positions. Retest of previous low is a great opportunity to enter in fresh shorts on GBP/CAD.

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