On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
GBP/USD: pound is on the shelf
BUY 1.3580 SL 1.3525 TP1 1.368 TP2 1.381
SELL 1.3510 SL 1.3565 TP1 1.341 TP2 1.332
On the daily chart, there’s a short-term consolidation of GBP/USD in the 1.3490-1.3580 range. Bears are trying to return the pair inside the descending trend channel. Bulls count on continuation towards 127.2% target of AB=CD.
On H1, there’s a “Spike and ledge” pattern. The borders of the ledge are close to 1.3510 and 1.3580. A successful test of the upper level will lead to the uptrend’s resumption. A break of the lower border will increase the risks of a pullback.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...