AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
GBP/USD: wedge helped bulls
Recommendation:
BUY 1.3025 SL 1.2970 TP1 1.3150 TP2 1.3250
SELL 1.2960 SL 1.3015 TP 1.2850
On the daily chart, GBP/USD formed junior and senior “3 Indians”. As a result, the pair declined to support at 1/2965. The break will strengthen the risks of a pullback towards the lower border of an uptrend channel.
On H1, GBP/USD is consolidating in the 1.2960-1.3025 area. A successful test of its lower border will allow expecting a continuation of correction towards 88.6% target of the “Shark” pattern. On the contrary, if there’s a “widening wedge”, the odds of the uptrend’s resumption will increase.
Ivan Karamazov
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NZD/USD can get even higher
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.
EUR/USD can rebound after a pullback
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).
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