On the daily chart of NZD/USD, the 0.652 level (78.6% of the long-term upward wave) will determine the further direction of the pair.
AUD/USD: aussie on Cloud
Technical levels: support – 0.7530, 0.7590; resistance – 0.7620, 0.7660
- Buy — 0.7630; SL — 0.7610; TP1 — 0.7690; TP2 — 0.7730.
- Sell — 0.7600; SL — 0.7620; TP1 — 0.7530; TP2 — 0.7510.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.
On the daily chart of AUD/USD, the pair is trying to break above the 0.7107 level (78.6% of the long-term upward wave).
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...