AUD/USD: 'V-Bottom' pattern

AUD/USD: 'V-Bottom' pattern

Information is not investment advice

The main trend is still bearish. Currently, the market is under the Moving Averages, but there's a 'V-Bottom' pattern. Thus, it's likely that the pair is going to touch the previously tested resistance at 0.7131. If a pullback from this level happens next, there'll be a green light for another decline in the direction of the nearest important support at 0.7069 - 0.7063.





XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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