


fxcharts-live
GBPAUD is in a descending wedge at 61.8% retracement.
EURCAD - resistance found at the 23.6% retracement and upper slope of the channel.
EURAUD has broken the triangle in an impulsive manner in 5 waves.
USDCAD is exactly at the mid point of a multi-year range, and has been fluctuating around it over the last few days.
EURAUD is approaching the upper boundary of its April's triangle.
AUDJPY is approaching year high, which is sandwiched between 127.2 extensions of a short-term fib formation inside the current rising wedge, and a longer-term one outside it. Daily upper Bollinger band is at ~ 79.80 and monthly R1 is at ~79.70. Watch CNY data and RBA commentary later.
This week's EURUSD weekly bar is a bearish outside reversal bar. Recent weekly outside reversal bars are shown in the chart above. Since May of last year, bearish weekly outside reversal bars have tended to initiate a next leg lower, so far.