It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
NZD/USD: bulls are prevailing
TP1 0.738 TP2 0.7425 TP3 0.7475
On the daily chart of NZD/USD, bulls managed to push the pair out the downtrend channel and gain a foothold above the important level of 0.7263. It is a good sign of the uptrend. To continue the rally, bulls should break the upper boundary of the 0.7185-0.735 consolidation.
On H1, after the pair reached targets of the “Broadening wedge” pattern, bulls are going to implement the “AB=CD” pattern with the 161.8% target.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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