USD/CHF continues to move downward inside the C-wave of the intermediate ABC correction (2), started earlier from the area between the resistance level 1.0150, the upper daily Bollinger Band® and the 61.8% Fibonacci correction of the previous intermediate (C)-wave from December. The price earlier broke the daily up channel from January – which accelerated the active wave (2). USD/CHF should fall to the next short target at the support level 0.9920.
AUD/NZD keeps rising after the earlier breakout of the area at the intersection of the resistance level 1.0900 and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from last March. The violation of this resistance zone accelerated the active minor impulse wave (iii), that belongs to waves 5 and (C) of the long-term ABC correction from September. AUD/NZD should rise to the next buy target at the next resistance level 1.1100.
AUD/USD recently rose strongly, violating the resistance level 0.7650. The pair is approaching the strong resistance level 0.7720, which has been regularly reversing this currency pair from last August. If the price breaks above 0.7650 – the pair can then rise to the next buy target at 0.7830, otherwise the price can correct down to the level 0.7650, now support after it was breached.
GBP/NZD recently reversed upward form the area between the key support level 1.7400 and the 38.2% Fibonacci correction level of the previous upward impulse (i) from the start of March. GBP/NZD should to rise to the next buy target at the resistance level 1.7960.