A few currency pairs are setting up within triangles ahead of tonight’s NFP data release. So, it’s the same drill: watch for trend line breakouts that evolve with increased momentum.
AUD/USD 4hr and daily charts:
AUD/JPY 4hr: this will be harder to evaluate though given the already elevated ADX:
NZD/USD 4hr: there looked to be a bit of a breakout but this stalled so, watch for any new momentum here:
USD/CAD 4hr: a wedge forming here around the key 1.30 level:
Silver 4hr & weekly: a triangle is forming around the key $20.50 level: