On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
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.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
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...