AUD/USD might test ascending Schiff Pitchfork again, be patient. Topside will open up, but not before daily close above 2020 High and break of descending Pitchfork. Daily close above 0.7800 will open up 0.8000.
AUD/USD bounced of ascending Schiff Pitchfork and consolidation high. Daily Chart.
Euro has to close above March Open to resume upward momentum. -Struggling to break above descending Pitchfork, Daily Quantitative maximum @ 1.2090 next hurdle. -Possible retracement to previous price pause @ 1.19
Decent R/R (4:1) short entry on AUD/USD. Hourly liquidity base, lines up with decent levels, stop above recent high, target liquidity base on larger time frame (related idea section.)
Possible pullback to previous Liquidity Base, watching price action on smaller time frame for an entry. Keep you updated. -Still trading within the Ascending Schiff Pitchfork, drawn from the swing lows of last year.
Heading into a new quarter, a couple of US dollar crosses are at major resistance levels.
Aussie and Kiwi both look to approach major resistance.
Schiff Pitchfork has caught all the major inflection points so far, expecting a Bearish shift in the US Dollar in coming month(s). Inflation globally will ramp up and Aussie as a commodity dollar is IMHO the way to play it along side CAD$, on the currency side.
Weekly Chart Couldn't close below 50 fib. retracement on 4 attempts.
WTI isn't capable of closing above key zone. -Look for shorts. Daily Chart
Possible test of 2018 Open - 2016 Low. (92.28-91.92) 12-Hourly chart. 120-min chart 30-min Chart
Kiwi starts to reject of ascending pitchfork, wait for an hourly close above august open. Daily Chart.
Confluence of median line - July High - August Open. Target Yesterdays Low @ 2015 Stop - 1960 (August Low) Daily Chart.
Entry - around 125.00 Stop - 125.10 Target - 124.00 Daily chart 120-min Chart 30-min Chart