Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
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.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun.
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
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...