The EUR/USD pair was able to stop it's declining wave for the previous bearish move which led it to trade below the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the bullish move (from 1.3838 to 1.4573) without closing below this level, to rise from it facing the level 1.4372 representing by 23.6% correction. in case of the pair's stability above this level, it's expected that the pair will continue rising to retest the level 1.4573 then 1.4650, but the pair's stability below the level 1.4372 will push it down to retest the support level 1.4270.
Res: 1.4454 1.4524 1.4636
Sup: 1.4272 1.4160 1.4090
On the contrary of what was expected, after the GBP/USD pair broke downside the neckline of the head and shoulders pattern, it formed a bottom at the level 1.6260 which pushed the pair to rise again breaking upside the resistance level of the right shoulder and the head thus, this pattern is no longer effective, this rising is supported by the negative data released from the U.S. lawmakers. it is expected that the pair will re-test the support level 1.6380 before continuing rising again which will be confirmed after breaking up the resistance level 1.6475, at then the pair will target to test the next resistance level 1.6550.
The stability of these expectations requires the stability of the support level 1.6380.
Res: 1.6503 1.6590 1.6711
Sup: 1.6295 1.6174 1.6087
The USD/CHF pair was able to fall previously reaching 0.7853 level forming a bottom at this level that pushed the pair to rise searching a good resistance level in order to retest it such as 0.7970 level which if held it will push the pair to fall again retesting 0.7853 level , but if the pair was able to pass the resistance level 0.7970 it will continue rising targeting 0.8085 resistance level.
Res: 0.7978 0.8093 0.8156
Sup: 0.7800 0.7737 0.7622
The USD/CAD pair is trading inside a bullish channel for mid-term trades and now the pair is above the support level 0.9503 which represents the bottom border of the channel.although the pair is trying to break this level but it is expected that the pair will rise targeting to re-test the resistance level 0.9588 during the upcoming intraday trades and if the pair succeeded to be stable above this level, it will target the resistance level 0.9628 which represents the bottom border of the channel.
But if the pair failed to break the support level 0.9503, it will target the support level 0.9441 and if the pair succeeded to be stable below this level, it will target the support level 0.9399.
Res: 0.96 0.9646 0.9704
Sup: 0.9496 0.9438 0.9392
During the previous trades, the AUD/USD was able to form the harmonic pattern (AB=CD) which supposed to push the pair to rise targeting 1.1185 resistance level that represents the (D) point for the pattern, but in order to confirm that; the pair must pass the resistance level 1.1079 that represents the (B) point, also the support level 1.0910 that represents the (C) point must hold.
Res: 1.1031 1.1075 1.1136
Sup: 1.0926 1.0865 1.0821