On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD.
USD/CAD: loonie went to Sweet Zone
- SELL 1.3650
- SL 1.3705
- TP1 1.3525, TP2 1.3370
On the daily chart, USD/CAD reached 127.2% target of the inverted "butterfly" pattern. At the present time, the quotes are in the Sweet Zone of the "Wolfe Waves" pattern. A movement to the downside is possible from this area.
On H1 USD/CAD keeps forming reversal 1-2-3 pattern. Together with the "3 Indians" pattern, it forms the powerful bearish combo. The lower border of the uptrend may be simultaneously breached. This is a selling signal, which points at 161.8% target of the "Crab" pattern.
On the daily chart of AUD/USD, there is a consolidation within the bearish trend.
Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market breaking down the main daily supports and will continue the downtrend.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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