Last week NZD/USD made a significant thrust to the downside.
NZD/USD: kiwi is going to attack
On the NZD / USD daily chart, the bulls reached the resistance of 0.7345 (78.6% of the long-term downward wave). A successful break of this level will allow the New Zealand dollar to continue its rally and fulfill target 113% in the Shark pattern.
On the NZD/USD hourly chart, the quotes moved beyond the triangle and there is a break of the upper border of the consolidation range in the Splash and Shelf pattern. A successful test of the June high will allow Bulls to continue their rally.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…