USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
NZD/USD got into a cage
SELL 0.6715 SL 0.677 TP1 0.6615 TP2 0.6515
BUY 0.6855 SL 0.68 TP1 0.6915 TP2 0.6975 TP3 0.7025
On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed. The pair formed a consolidation range of 0.672-0.6855. If it gets out of it, it will find the direction for further movement.
On H1, NZD/USD is consolidating within a short-term downtrend. Bears are trying to finish the “Widening wedge” pattern and continue the decline.
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...