After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
NZD/USD: bears won’t let the enemies closer
TP1 0.6825 TP2 0.6775 TP3 0.6710
On the daily chart, NZD/USD reached 161.8% target of AB=CD and then pulled back. As long as the pair is in the downtrend channel, bears keep the situation under control.
On H1, NZD/USD keeps forming a “Shark” pattern. Its 88.6% target corresponds to the previous consolidation area where shorts accumulate. When the pair gets to it, the risks of a pullback within the transformation of a “Shark” into 5-0 will increase.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.