The GBP/USD has continued to rally above the bullish trend line on the 4hr Chart   The beginning of this trend line occurred near 1.5330, which has provided strong support several times on the Weekly Chart.  Therefore, we have a bullish bias for this pair, and we will watch for new bullish patterns that would allow us to go long near the trend line.

The USD/CHF finished its third straight week down.  This has only happened one other time since the pair broke above the bearish trend line on the Weekly Chart.  The last time it happened, the pair rallied right back up and move was a brief pullback.  So, it is not surprising that we a small pullback early this week.  However, the pair has dropped again, and it has become possible that the pair could drop for a fourth consecutive week.

We also have drawn a bearish trend line on the 4hr Chart, but it didn't have a precise third point of contract.  Still, the trend line ultimately held so a new precise test at the trend line could bring it back into the picture.

The AUD/USD continues to rally above the 8hr Chart bullish trend line.  However, the rally has no led to a test at 78.6% of XA on the Daily Chart.  Something has to give way shortly, and the surviving level (78.6 of XA or the bullish trend line) will help determine our near term bias.  Ideally, 78.6% of XA will push the pair down in the shape of a bullish pattern that would allow us to go long near the bullish trend line.

The NZD/USD has seen a perfect fourth test of the bullish trend line.  Unfortunately there was no pattern that allowed us to go long at this test, but it is still advantageous to have yet another successful test.  Now we have a very strong bullish trend line to work with.  We will watch for a new bullish patterns to emerge that would allow us to go long near the bullish trend line. 

The pair has broken above point 61.8% of XA on the Weekly Chart, although that level could still hold on.  Regardless, it would be ideal if one of these resistance levels temporarily pushed the pair down in a bullish pattern that could allow us to go long near the bullish trend line.