Considering the last "Triple Top", the market is going to test support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap".
Daily Market Analysis
EUR/AUD reversed from key resistance level 1…
GBP/JPY reversed from resistance zone Next sell target - 144…
There's a "Tower' pattern. The price has reached the 34 Moving Average, so we could have a local bullish correction.
We don't have any reversal pattern so far, which means bears are going to test the next "Window".
We've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag.
Bulls faced resistance at 1.2995, so the market is likely going to achieve the 34 Moving Average.
The market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap".
NZD/CHF reversed from key support zone Next buy target - 0…
AUD/NZD broke support zone Next sell target - 1…
We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak.
The current bearish correction is continuing, so the price reached a "Window" and the 55 Moving Average.