On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
USD/CAD: loonies is resuming the trend
TP1 1.2455 TP2 1.2345
On the daily chart of USD/CAD, there is a continuation of the “Shark” pattern. Bears are trying to pull the pair out of the middle-term uptrend channel and to recover the long-term downtrend. Firstly, the need to break the support at 1.258.
On H1, there are junior and senior “Shark” patterns. Their 88.6% and 113% targets form the 1.234-1.238 convergence. The pair needs to break the bottom line of the 1.2555-1.262 consolidation to reach the convergence.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
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...