Tuesday and Wednesday brought us a few nice breakouts from the trend continuation patterns on major pairs on the FX Market. NZD/USD broke the upper line of the wedge pattern, which is triggering another buy signal.
USD/CAD broke the lower line of the pennant formation. It was generally expected as before that we were in a strong downtrend. The last correction before the pennant was a rectangle and we managed to break the lower line of this formation and use it later as resistance.
GBP/USD made three wedges in a row. Every one of them resulted in a breakout of the upper line of this formation and a buy signal. Positive sentiment here is additionally supported by the hammer on the D1.