On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
AUD/USD: the Aussie is not afraid of waves
TP 0.7905 TP2 0.7985 TP3 0.8075
On the daily chart AUD/USD, the “Wolfe waves” pattern is developing. If bulls manage to return the Aussie to the resistance at $0.7815, break it and take the pair beyond the downtrend channel, risks of the uptrend’s recovery will increase.
On H1 of AUD/USD, the break of the resistance at 23.6% from the last downtrend wave with the subsequent successful hit of the upper bound of the bearish channel will implement “Bat” and “Crab” patterns with 88.6% and 161.8% targets.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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...