AUDNZD is about to break the bottom of the descending channel that has developed on the hourly chart. Look for the break to occur around the bottom at 1.2190. After the break, look for a move to the first support zone at 1.2160. Watch out for consolidation and a possible bounce at this level. Once 1.2160 is broken, look for a move down to 1.2105. After a break of this level, expect AUDNZD to move down to the wide support zone around 1.2065. The price will consolidate at this level for a while. If the price breaks this level, continue to sell with the trend.



The price has just broken the bottom trendline of the symmetrical triangle on the GBPUSD hour chart. After breaking, the price moved down to the first support zone of 1.6350 and bounced. Look for GBPUSD to break this level, and then move down to the second support zone near 1.6280. expect the price to consolidate there. Look for GBPUSD to break this level as well and move to the third support zone of 1.6225. Watch out for a possible bounce or rally at this point.



USDCAD has just broken the top of the descending wedge on the one hour chart. After breaking, the price pushed straight through the first resistance zone near 1.0840. Expect USDCAD to keep moving upwards, possibly consolidating near 1.0905 and 1.0940. Look for the price to break both of these levels and continue upwards to 1.1010. The trend will possibly end near this zone, but if USDCAD does break this level, look for the trend to top out around 1.1090.