USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
NZD/USD: kiwi is tired of flying
SELL 0.7345 SL 0.74 TP1 0.7275 TP2 0.7245
BUY 0.7395 SL 0.734 TP1 0.7475 TP2 0.75 TP3 0.756
On the daily chart, NZD/USD is retesting the upper border of the consolidation range 0.7185-0.7350. A rebound from support at 0.7350 with the following advance to April high will open the way up to 200% target of AB=CD.
On H1, NZD/USD formed a reversal pattern “Widening wedge” on the basis of “Three Indians”. A successful test of support at 0.7345 will allow bears to count on a correction. To resume the uptrend, bulls need to push the pair above resistance at 0.7395.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…