On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
XAU/USD: gold is in the corridor
SELL $1324 SL $1339 TP1 $1302 TP2 $1280
BUY $1344 SL $1329 TP $1359 TP2 $1380 TP3 $1392
On the daily chart, if XAU/USD renews January high, the risks of its going to 127.2% target of AB=CD will increase. The nearest levels of support are at $1324 and $1302-1306 an ounce.
On H1, XAU/USD consolidated in the $1324-1344 range. A break of its upper border will trigger AB=CD pattern with a target at 161.8%. On the other hand, successful test of support at $1324 will increase the risks of a correction.
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...