On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD.
GBP/USD: pound restores the trend
On the GBP/USD daily chart, there is a realization of the Wolfe Waves pattern. The breakout of the diagonal resistance will be a signal for the start of the rally towards $ 1,305. A prerequisite for the implementation of the target is the successful break of the 1.28-1.2815 area.
On the GBP/USD hourly chart, the "Expanding Wedge" pattern has been formed. For its activation, point 3 needs to be updated. A successful test of the resistance 1.2815 will allow us to do this. Once the resistance is tested and point 3 is updated there might be a continuation of the rally towards the target 88.6% of the inverted Shark pattern.
On the daily chart of AUD/USD, there is a consolidation within the bearish trend.
Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market breaking down the main daily supports and will continue the downtrend.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…