Pound seems to be regaining strength. Ascending trendline bounce off 1.30447 and retraced. currently resting on 38.2% Fib zone. 78.6% retrace (1.35233) then if we break ,1.36584 sellers tried to drive price down but failed. looking out for fundamentals to help drive price up.
USDCHF is showing possible longs. Dollar strength contributes to this. New key support 0.97694. Alligators indicates that it could just be feeding time. Buyers momentum continues. We await NFP results for confirmation and a trend-line break on Dollar index (DXY)
NZDUSD Downside target one (0.72000) was reached late last week early this week. NFP results may push the pair to further lows. Previous support of 0.72470 broke. Confluence with the alligator cross and a break of the 23.6% Fib zone . We will wait for Target two to be hit (0.70890 ) and a break of the 0.72520 support before adding more short positions.
Rejection of a key resistance yet again, look out for possible shorts on this one in the near future. Wick on the candle indicates a failure to break creating a HL . A waiting an EMA/Alligator cross before shorting this.
Pound rose perfectly since my last analysis in April. I feel we may see recovery of the effects of BREXIT on the pound. A weak dollar will play an important part in the Sterling gains on this pair. watch this space. 1.50000 next target
I initially thought it'd retrace at the 0.74915 level but it continued to dip. New support at 0.74745 level. Expect a bounce off this level and a straight shot upwards possibly back to the 0.77411 level.