AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
USD/CAD: bears are running away
Recommendation:
BUY 1.2510
SL 1.2455
TP1 1.261 TP2 1.272 TP3 1.285
On the daily chart, USD/CAD bulls managed to rise above the upper border of the uptrend channel. As a result, the odds of an inverted “Shark” pattern with target at 88.6% have substantially increased.
On H1, the probability of USD/CAD pulling back to support levels at 1.2485-1.2510 and 1.2390-1.2410 increased after the pair reached 113% target of the junior “Shark” pattern. If USD/CAD renews February high, this will create grounds for going to 88.6% target of the senior “Shark” pattern.
Ivan Karamazov
Similar
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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