On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
AUD/USD: bulls are counterattacking
TP1 0.7530 TP2 0.7645 TP3 0.776
On the daily chart of AUD/USD, bears tried to break the important support at 0.7362 (78.6% from the upward long-term wave) three times. The failure of bears signals their weakness and lets bulls hope to implement “Wolfe waves” and “Shark” patterns.
On H1, the “Broadening wedge” pattern is continuing to form. Pullbacks to 50% and 61.8% from the 4-5 wave could be used to buy. The break of the resistance at 0.7475 will pull the pair up.
On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…