On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
NZD/USD: Kiwi is following a “Crab”
TP1 0.753 TP2 0.756 TP3 0.763
On the daily chart NZD/USD, a consolidation of 0.7185-0.743 is continuing within the “Broadening wedge” pattern. A return of the pair to the uptrend channel, a break of the resistance at 0.743 and 0.7475 will predetermine the recovery of the uptrend.
On the H1, the pair has almost reached the 88.6% target of the “Bat” pattern. After the implementation of the pattern, it will transform into the “Crab” pattern. NZD/USD will continue to move within the “Dragon” pattern.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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...