AUD/NZD is making movements to the downside which are hard to ignore.
NZD/USD: the kiwi learns to fly
TP1 0.6875 TP2 0.6915 TP3 0.7015
On the daily chart of NZD/USD, if the pair goes out of the downward channel and breaks the resistance at 0.6855, the “Bat” pattern with the 88.6% target will be implemented. It corresponds to 0.702.
On H1, bulls get ready to break the resistance at 0.6825. If they succeed, bulls will pull the pair out of the downward channel and the “Shark” pattern with the 113% target will be implemented. When the pair reaches the target, there is a risk possibility of the pullback within 5-0 transformation.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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...