AUDUSD broke through multi-week resistance. Now it is a good time to keep an eye on the next potential resistance at 0.72131. If the previous multi-week resistance turns into support, I am going long here.
After almost 2 months of the consolidation period, USDCHF entered a downtrend since May 28, 2020. In this analysis, you can see two major phases of this downtrend measured by Fibonacci retracement . In the first phase, Fib 0.5 - 0.382 area played the role of resistance, which eventually broke down towards a new trend we are currently experiencing. The current...
USDCNH has been moving in a horizontal channel since July 2019. It already tested support and resistance 1 time, and now heading down to test support again. Keeping it on my radar to see if the price will hit the bottom of the channel by the end of summer 2020.
USDCAD consolidation continues as we are closer and closer to the edge of the triangle. This consolidation might continue by the last week of July 2020, and make a move towards a new direction. From a weekly/ monthly perspective, I believe the new direction will be upwards.
