NZDUSD
The New Zealand dollar has formed an Engulfing pattern in addition to previously formed Hammer, Engulfing, Tweezers and Inverted Hammer patterns. This move is yet another confirmation of the current tendency. The pair can also reach the resistance level at 0.7484.
USDJPY
The pair keeps declining on the H4-chart on the back of weaker US dollar, and this is confirmed by the reversal patterns when the price rebounds from the levels: we see the Morning Star, Harami and Engulfing models as confirmation of the above.
