On the daily chart of AUD/USD, bulls and bears are fighting for the 78.6% level of the long-term upward wave.
AUD/USD: the aussie strives forward
TP1 0.768 TP2 0.777 TP3 0.7855
On the daily chart of AUD/USD, after the pair reached 88.6% target of the “Shark” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave within its transformation to 5-0. To continue the correction, the pair needs to break the upper boundary of the downward channel.
On H1, an exit beyond the 0.748-0.799 consolidation increases risks of the pullback to the downtrend. To recover the trend, bears need to implement the “Broadening wedge” pattern.
On the daily chart of NZD/USD, bulls couldn’t break above the upper boundary of the downward channel for the first time.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with rising 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...