Finally it would appear we have lift off on the AUDNZD pair. We can see the pair were in a huge Bullish wedge pattern, and after the break out of the wedge, the pair have retested the outer edge of the Wedge and now look like it has started a new Bullish trend.
If we take a look at the NZDCHF pair on a weekly time frame, we can see how many time's the pair have bounced off this area of support and resistance, and we are now at this area again. I am short this pair, entering on a 15 min chart.
The GBPCHF pair have formed a Bearish wedge with divergence on STOCH, RSI & MACD. Wave counters will also see it has completed a 1-2-3-4-5 bearish setup. Wait for break and close below lower wedge channel.
AUDUSD Bearish Wedge setting up. If we look at the points of contact so far, it has touched the inner edge of the wedge 4 time's. For this set up to complete, it need's to touch the inner edge one more time before selling.