Textbook fib resistance here, also a broken head-and-shoulders leads me to believe that the bulls will win for a tiny bit longer, then its going to bounce down after the resistance. This partially negates my previous assessment of a wedge/triangle.
I'm already skeptical of the EUR, but regardless of the news today. It has already retouched the resistance at 121.320 and came back down, so I expect it to near the bottom of the channel, before heading back up.
Both USD and CAD are consolidating after big gains, it also looks like both have broken out below their channels, but currently my opinion is 'meh' until we confirm that they're breaking out one way or another.
Some folks are saying that Italy-referendum is a distraction, but I think that this par is in a holding pattern, consolidating awaiting the news on Italy. Either way it looks like a downward flag, the USD is strong, and if the news makes it break out of the channel, I'm shorting.
Bullish on the GBP for a bit longer. Fundamentals are good for it to get near to pre-brexit levels. An Italexit would only help push the GBP further. Meanwhile everyone is pretty bearish on Yen.
So I'd expect this to keep doing what its doing, consolidate for a bit to retouch the 40 WMA, then break out of the flag upwards.
AUD/USD is in a general down trend and losing upward momentum in a hurry. I expect it to bump up a bit more before dropping to the bottom resistance line. I expect it to break through that and keep on dropping to test the 11/21 lows.
