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