Today, as always, we do have three good trading occasions. Two of them are with CAD and have nice head and shoulders patterns, which are already up and running. EUR/CAD is the first one. Here, the price broke the up trend line (red), neckline (blue) and the horizontal support (orange). After that, we got a strong drop and then, a reversal testing the recent support as a resistance. Test was positive for the sellers and currently the price is making new weekly lows. The potential target is 380 pips lower.
USD/CAD had a similar setup. Broken neckline and then, the comeback testing it as a resistance. There was a small difference though. On EUR/CAD sellers were much stronger. On the USD/CAD, the price managed to climb back above the neckline which was scary for many bears. At the end of the day, they managed to push the price lower but for sure they had a bit of stress. Sell signal is on.
Last one is the NZD/USD, which broke the mid-term down trend line and is heading towards the yearly highs. After bouncing from the 38,2% Fibo, the chances that we will get there are very high.