The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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.
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...