Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.
NZD/USD: kiwi is waiting for a signal
SELL 0.6815 SL 0.6870 TP1 0.6715 TP2 0.6625
BUY 0.6935 SL 0.6880 TP1 0.7035 TP2 0.7170
On the daily chart, NZD/USD is consolidating in the 0.6820-0.6980 range. A break of its lower border will increase the risks of kiwi going to 127.2% and 161.8% targets of a “Crab”. On the other hand, successful test of resistance at 0.6980 creates grounds for the pair going to 88.6% target of the “Shark” pattern.
On H1, a successful test of the neckline of the “Head and Shoulders” will allow the pair to continue its fall. On the other hand, going above 0.6930 will increase the odds of the rally’s continuation.
On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
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...