NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
EUR/USD: ending diagonal pattern
It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.
There's a pullback from 2/8 MM Level, so an ending diagonal in wave (c) might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.
Igor Tolstykh
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Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
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