EUR/NZD is ready to fall
The pair’s continuing the overall downtrend since October as it breached down the wedge earlier this month.
USD/JPY: the yen met the dragon
On the USD/JPY daily chart, quotes went our from the downward trading channel and broke up the resistance area of 111.55-111.75. Now, this area serves as a solid support. There is a transformation of the "Shark" pattern into 5-0. To restore the uptrend, the bulls should break the levels of 114.4-114.94. In contrast, a rollback from 38.2% and 50% levels of the CD wave will be a signal for the opening of short positions.
On the USD/JPY hourly chart, the "Dragon" pattern has been formed. If the bulls manage to keep quotes above 111.6 (the curl of the Dragon's tail - EMA21 and the lower border of the upward trading channel), there will be a great risk of continuation of the rally towards 112.8 and 113.44.
Anastasia Mileshkina
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USD/SGD: a chance to recover
USD/SGD has rebounded from the 50-week MA (1.3520) and is now retracing November-January decline.
AUD/USD may fall
If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.
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