Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
NZD/USD: kiwi is losing its ground
On the NZD/USD daily chart, there is a realization of 5-0 pattern. The failure of bulls to push quotes beyond the downward trading channel shows their weakness. There can be a continuation of the downward movement towards 0.674. There is 161.8% target in the AB = CD pattern.
On the NZD/USD hourly chart, the "Shark" pattern is still relevant. Its target 113% is located near 0.687. The nearest resistance levels are 0.6942 and 0.6965. The market is dominated by bears, so you might consider selling on the growth of the quotes.
Recommendations: hold short positions (SELL 0,6975 SL 0,703 TP 0,687),
SELL 0,6965 SL 0,702 TP1 0,687 TP2 0,674.
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...