Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
USD/CHF: bulls are counterattacking
TP1 1.0015 TP2 1.0055 TP3 1.0195
On the daily chart, USD/CHF keeps forming “Wolfe waves” pattern. The inability of bears to return the pair inside the long-term descending channel pointed at their weakness. To continue the rally towards 1.0195 and higher, the pair has to return inside the short-term trade channel.
On H1, USD/CHF is consolidating in the 0.9825-0.9915 area. A break of its upper border will mean the triggering of the “Broadening wedge” pattern.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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