AUDUSD
Downward channel remains respected by price, flag structure almost completed retracing the 0.618 level of the prior impulse. An added confluence (not shown), the 4 swing highs bounces off the 150SMA very nicely.
EURGBP
Price could be retesting the upper resistance channel with an ABC corrective wave (after the break out from the triangle) and if price does so, will be looking to short.
OANDA:EURUSD
Previous swing was captured nicely for 2.2R and now price is at a key level again.
There is a head and shoulders pattern and a show of buyers – this supports a break out to the upside especially if its currently on Wave E within the channel.
Price might still bounce off the longer term TL to the bottom of the channel.
Will be looking at lower...
FX_IDC:EURUSD
Buyers seem a bit weak compared to the sellers here. Upward channel might continue with another wave up to an important level – daily resistance area at the 1.09 region. A break of that level could mean potential upside. That is quite some time from now so will talk when it gets there. If a flag forms along the supporting trend line of the channel...
FX_IDC:NZDCAD
I'm thinking the next impulse move would be towards the upper resisting channel (clearer on 1H timeframe) followed by a downtrend continuation towards a key level at 0.92 where there are a multitude of confluences including the long term trend line on the daily.
