Last week's price action tested the high of Week 31 (July 31 - Aug 5); 1.1045 And also the June high of 1.1012 for the third time...this month. Next week I expect a break of the neck line a test of Week 31 and Week 32 lows and then continuation to the 1.0700 level.
The New Zealand dollar is weak against major currencies. Looking to Short between 0.5900, and 0.5960. If,(when) it completes the Chart pattern and heads down it will retest the shoulder and continue the decent.
I like this week with the GBPUSD. Trade setups appear on the 4H chart, but the picture is clearer after RSI divergence(s). A cypher pattern appears along with an AB=CD and BAT pattern. Looking to go long after retracements. Also, the 50 EMA and 200 EMA will offer dynamic support (or resistance) moving forward