On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538.
EUR/USD reversed from resistance zone
- EUR/USD reversed from resistance zone
- Next sell target - 1.2200
EUR/USD recently reversed down from the resistance zone lying between the key resistance level 1.2500 (which has been reversing the price from the end of January, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave 3. EUR/USD is expected to fall further toward the sell target at the next support level 1.2200 (low of the previous minor correction 2).
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.