AUD/NZD experienced an impressive rally since the end of March.
EUR/USD: you don’t mess with pin bars
TP1 1.2305 TP2 1.2200
On the daily chart, EUR/USD is forming “Spike and reversal with acceleration” pattern. To change the trend to the downward the euro should return to 1.19. That is unlikely. On the other hand, a pin bar near the lower border of the current uptrend increases the risks of a pullback.
On H1, EUR/USD formed a reversal “Widening wedge”. Aggressive selling will become a priority if the euro returns to 23.6% of the wave 4-5. Conservative selling may start when the euro reaches point 5.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…