Forex Update 6th June: NZDUSD & AUDUSD

CHF pairs show some good opportunities, with USDCHF showing a move down to 161.8% on the Weekly. An inside harami illustrates investor indecision, however the confirming green following it could indicate a trend reversal or correction. Daily chart shows a pincer bottom followed by a rally up. Pairs is now around 50% and we will now be looking for buy signals.

GBPCHF shows a decent move up, with a couple of spikes through the high. Evidence of a possible flag formation means that a strong move off the 50% level would be required in order to provide a Bullish move.

AUDUSD shows a fifth wave extension with a head and shoulders formation. Break of the neckline could see a move down towards 10550.

NZDUSD shows an impulsive third wave, and the fourth could now be choppy. Pair now needs to break the neckline.