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 not going to give up
BUY 1.2725 SL 1.267 TP1 1.285 TP2 1.2915
On the daily chart USD/CAD, there is a short-term consolidation in a range of 1.2615-1.2715. The break of its upper bound will let bulls count on the realization of 88,6% and 161,8% targets of “Shark” and AB=CD patterns. On the contrary, if quotations leave uptrend channel, risks of the long-term bearish trend’s recovery will increase.
On H1 of USD/CAD, a successful break of the resistance at 1.2725 will open a way to 88,6% and 200% targets of “Shark” and AB=CD patterns.
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...