NZDUSD - Higher Highs - Higher Lows This pair has been on the move up for a couple of days now, making steady progress with higher highs and higher lows.
Projecting this into the future could lead us to the scenario above.
Higherlow
CADJPY - a little retracement before moving further up ?CADJPY has reversed the trend and made a considerable move up all through the day. RSI is overbought now and it is probably exhausted and gasping for breath. We might see a +- 0.382 retracement into previous structure before rallying into the minor support level on the daily chart.
#Gold hard rejection at "Golden Cross"The "Golden Cross" right in the PRZ (resistance zone) pushed Gold lower. The overlap of 61.8 and 161.8 acted as a wall on Gold attempt to cont. bullish move. The recent PA is in line with the overall bearish trend. However, the breach of 1146 hasn't happened yet.
Since Gold made a new high, this Higher Low could show that 1131 was the bottom.
