As discussed in the Daily video we are anticpating renewed weakness int eh EURUSD heading into the next two weeks, the intraday cycle can still make one more high to test the equality objective at 1.1726 and the 50% retracement of the last decline at 1.1715
In this update we review the trading opportunities in USDCHF, identifying pivotal upside objectives and the invalidation levels for the near term bullish thesis
As discussed previously the EURNZD is in the process of testing pivotal weekly trend line support in this update we review the trading opportunity from this test
NZDJPY has continued its wave 3 advance and is now testing pivotal trend line resistance as this contains, look for a follow through below yesterdays low to set up a wave 4 correction to the 80 handle from above as this area supports watch for bullish reversal patterns to set long positions for the wave 5 upside extension
The corrective cycle in GBPAUD: yesterdays reversal came from a potentially pivotal support zone, follow through today above yesterdays highs should see long positions rewarded
