Aussie + Apple

AUD/CHF printed a high of 0.9070 last night and formed three white soldiers (green bars in this chart), which is a reversal follow up bullish reversal candle stick pattern from its falling wedge.

AUD/USD flag has also broken out to the upside.

Likewise for its AUD/SGD cross.

Apple, the largest (>12%) component of NASDAQ 100, the leading US stock market index has also broken out of its falling minor trendline and is currently testing fibonacci 38.2% retracement. A pullback at this stage is likely. However the overall volume trend still bearishly supports a head and shoulders pattern with the falling red support line acting as its neckline. Unless it could break out of its falling resistance rail on convincing volume, the overall momentum tilts the market outlook slightly to the bears.

The bounce has happened. Now its time to see where this leads us to. Good luck to all.