NZDCHF pulled back into its intersecting resistance as price was pushed lower as it made an attempt to break through trendline/horizontal resistance. The resulting engulfing bar is a trigger for more bearishness to follow in the coming week.
Last month's analysis on the AUDNZD showed we had a bearish bias, following the Pin Bar that signalled a possible return of the bears. The trade did take a while to get going but eventually did when we got the trigger setup as shown above. This trade has hit our 1st TP and now approaches the 2nd and 3rd TP's. Tis trade could deliver well over 1000pips based on the 3 entries we made.
EURGBP looks set to resume long on a retracement move. The resistance as shown above could be key. We would watch to see if we would get a bearish trigger at that zone.
GBPCAD also looks set to retrace lower. New bullish setups would be sort at about the support as indicated above.
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