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: too little space in the triangle
TP1 0.9770 TP2 0.9735 TP3 0.9630
On the daily chart, USD/CHF broke below the lower border of a triangle and the uptrend channel. Sellers became stronger. Even support at 0.9865 (23.6% of the last rising wave) couldn’t stop them. They aim to bring the pair to the upper border of the downtrend channel.
On H1, USD/CHF keeps forming a “Broadening wedge”. Pullbacks to 23.6%, 38.2%, and 50% of the wave 4-5 may be used for selling.
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.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?