NZD/USD: bears won’t let the enemies closer

NZD/USD: bears won’t let the enemies closer


SELL 0.6900

SL 0.6955

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.



USD/CAD: sellers lost the initiative

On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.

AUD/USD fell from the ledge

Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.


EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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