Daily Market Analysis

EUR/AUD is extending the decline across the markets and we can expect a duplication of the cycle started since end of May…

AUD/CAD broke above parity Next buy target - 1…

AUD/NZD rising inside sharp C-wave Next buy target - 1…

Bears have broken the "Window", so the price is declining. The 144 MA is acting as support. There isn't any reversal pattern so far.

There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level.

If the pair comes back under the upper side of the diagonal, there'll be an opportunity to have wave i of (i).

There's a consolidation, which is taking place near resistance at 1.3116. In this case, bulls are likely going to deliver a new local high.

Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term.

USD/JPY has been under pressure and still looks to complete the bearish correction that’s being held since last week…

EUR/AUD reversed from support area Next buy target - 1…

NZD/USD reversed from resistance zone Next sell target - 0…

There's a bearish "High Wave", which has been confirmed enough. So, the market is likely going to test the lower "Window".