We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak.
Daily Market Analysis
The last upward "Wedge" has been broken, so the pair plunged like a stone. Finally, bears meet with support at 1.2634.
We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages.
NZD/USD reached buy target 0…
EUR/USD reached buy target 1…
There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart.
We've got some bullish patterns such a "Morning Star" and a "Harami", which both have been confirmed.
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.
Bulls faced resistance at 1.2964, so the price is consolidating. Meanwhile, we've got a "Flag" pattern.
The price has been consolidating under resistance at 1.1287. The 34 Moving Average is acting as support.
A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level.
AUD/USD broke key resistance level 0…