Overnight, we received data important for the AUD. CPI came slightly worse than expectations, which caused a weakness of the Australian Dollar. On the EUR/AUD it did not come in a random place. The price again bounced from the support on the 1.571. We are still locked inside of the sideways trend, waiting for a breakout.
NZD/CAD is also in a sideways trend, in a symmetric triangle pattern to be precise. It is a very interesting occasion because this pair loves directional movements so most probably, a breakout will be a great trading opportunity
USD/JPY is still above the combination of crucial supports: long-term down trendline and mid-term up trendline. We also do have a short-term horizontal support here. As log as we stay above the lower pink area, the sentiment is positive. In the same time, we do have a triangle here so the breakout of its upper line will be a long-term buy signal.