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.
NZD/USD: the kiwi is sticking in a channel
TP1 0.6755 TP2 0.6655 TP3 0.659
On the daily chart of NZD/USD, there is a 0.6855-0.6975 consolidation within the long-term downtrend. A break of its upper boundary will increase odds of a correction to 38.2% and 50% from the CD wave. A successful break of the support at 0.6855 will let bears move to the 127.2% target of the “Crab” pattern.
On H1, if the pair goes beyond the upward channel, the pattern “Perfect butterfly” with the 127.2% target will be implemented.
On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
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…