On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
USD/CHF: bullish potential
On the daily USD/CHF chart, there's a realization of the Wolfe waves pattern. Its first target is at the intersection of the projection from the point 5 and the wave 1-4. In order to make it bulls have to overcome resistance at 1.0040. Then the pair should resume rally towards 88.6% target of the inverted Shark pattern.
On H1, USD/CHF is moving inside the ascending channel. The bulls retain control for the pair. The break of resistance at 1.0034 will increase the risks of growth towards 1.013 (88.6% of the last descending wave) and higher.
Recommendation: BUY 1,0035 SL 0,9980 TP1 1,013 TP2 1,0205.
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...