Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
NZD/USD: kiwi wants to rise higher
On the NZD/USD daily chart, bulls managed to return quotes to the upper border of the downward trading channel. If they manage to test it successfully, there will be a continuation of the rally towards 0.711 and 0.717. In contrast, the rollback from upper border can lead to the realization of 5-0 pattern.
On the NZD/USD hourly chart, quotes are moving within the upward trading channel. it tells us that the control over the pair is in the bulls' hands. A successful test of the resistance at 0.707 followed by the update of March high will activate the AB=CD pattern. Its 200% target is located near 0.718.
Recommendation: BUY 0,707 SL 0,7015 TP 0,718.
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…