Daily Market Analysis

We've got a bearish correction, which is taking place on the one-hour chart. However, there's a bullish "High Wave".

Bulls faced resistance at 1.2945, so the pair is likely going to achieve the closest support at 1.2901 in the short term.

The price is consolidating between the nearest resistance at 1.1278 and the 34 Moving Average.

AUD/JPY reversed from support zone Next buy target - 84…

NZD/CHF reversed from support zone Next buy target - 0…

We've got a bullish "High Wave", but the last bearish "Shooting Star" has been confirmed strongly.

The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern.

We've got a bullish "Triangle", so we should keep an eye on the next resistance at 1.2935 - 1.2952 as an intraday target.

There's a "Pennant" pattern, so bulls are likely going to test the closest resistance at 1.1287 - 1.1307 in the coming hours.

USD/CHF reached sell target 0…

NZD/USD reached buy target 0…

The price is consolidating along the Moving Averages. Considering the double pullback from resistance at 1.2913...