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: the kiwi is haunting the “Bat”
TP1 0.692 TP2 0.6855
On the daily chart of NZD/USD, the break of the bottom line of the 0.7185-0.735 consolidation let bears implement the “Bat” pattern with the 88.6% target and hope that the uptrend will end soon. However, firstly, bears need to gain a foothold lower an important level of 0.703.
On H1, there are conditions for the “Dragon” pattern. After the pair rises to the Curl of the Dragon's Tail or the 78.6% target of the “Gartley” pattern, there is a risk of the pullback. To resume the downtrend, bears need to break the support at 0.6995.
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...