NZD/USD: pair to reach previously tested support
There's a 'Triple Bottom', which pushed the market higher, so all the Moving Averages have been broken...
USD/JPY: "Window" acting as support
The 21 Moving Average has acted as support, so there's a "Belt Hold" pattern on this line. In this case, the price is likely going to test the next resistance by the last "Three Methods" pattern. If a pullback from this level happens, there'll be a chance to have another decline in the direction of the lower "Window".
The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high. Therefore, the "Window" is likely going to act as support once again. If so, bulls are going to break the high of the last "High Wave".
Galya Svetlova
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