AUD/USD: another downswing in the row
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/CHF: bearish 'Shooting Star' pattern
Information is not investment advice
There's a bearish 'Shooting Star', which led to the beginning of the current downward correction. Moreover, we've got a 'Tweezers' pattern, which has been confirmed. Thus, it's likely that the market is going to test the next support at 1.0010 by the lower 'Window'. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 1.0145.
Galya Svetlova
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AUD/USD: another downswing in the row
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
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Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
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