On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
USD/CAD: bulls are forcing their way through
On the USD/CAD daily chart, a breakout of the resistance at 1.3405 will allow us to talk about the continuation of the implementation of the 5-0 pattern. After a rollback in the direction of 50% level of the CD wave, the bulls managed to restore the uptrend. They might extend their gains to 1.354 and 1.357.
On the USD/CAD hourly chart, if quotes manage to go out from the 1.328-1.34 consolidation range within "Splash and ledge" pattern, we will be able to open long positions. If the bulls manage to update the March highs and activate the AB = CD pattern, there might a continuation of the rally towards 1.36 direction.
Recommendations: hold long positions (BUY 1,34 SL 1,3345 TP 1,352).
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.
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).
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...