Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
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.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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