AUD/USD and USD/CAD Display Key Technical Patterns in Weekly Analysis
Weekly technical analysis reveals significant pattern developments in AUD/USD and USD/CAD pairs. AUD/USD has formed a bullish flag pattern near 0.6450, suggesting potential upside momentum toward 0.6520 resistance if the pattern confirms. The Australian dollar finds support from improving risk sentiment and steady commodity prices. USD/CAD shows a descending triangle formation at 1.3600, with support holding at 1.3550 while resistance caps gains at 1.3650. EUR/USD maintains its range between 1.0540-1.0600, while GBP/USD tests resistance at 1.2680. USD/JPY continues consolidating near the 150.00 psychological level, and USD/CHF trades within a narrow 0.8850-0.8900 band. Weekly momentum indicators suggest mixed directional bias across major pairs, with AUD/USD showing the most constructive technical setup. Traders should monitor these key pattern breakouts for potential trend acceleration in the coming sessions.
Related Symbols:
AUDUSD
USDCAD
EURUSD
GBPUSD
USDJPY
USDCHF
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