AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
AUD/USD: bears are resuming the trend
Recommendation:
SELL 0.7515
SL 0.7570
TP1 0.7460
TP2 0.743 TP3 0.7415
On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions. To resume the downtrend, bears need to bring the pair to support at 0.7445 and 0.7410.
On H1 of AUD/USD, sellers are testing the lower border of the uptrend channel. If they succeed, the pair will trigger the “Bat” pattern with a target at 88.6%.
Ivan Karamazov
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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