Confidence in the EURUSD triangle (and holding below 1.3085) is low at this point given that the pair traded within 10 pips of that level today and is currently holding above 1.30. As mentioned in previous technical pieces, a move above 1.3085 gives scope to the October 30 high at 1.3296. Trend indicators are bullish as as the price is above the 21 day SMA and the moving average itself is turning up.
The AUDUSD triangle count is valid as long as price is below ,7022 but there is an alternate count (shown in previous Daily Technicals) that treats the rally from .60 as the first leg in a larger corrective advance. Under that count, the AUDUSD would exceed .7022 in the next several weeks.
In summary, major lows for the EURUSD and AUDUSD have held for over a month and trend indicators are turning bullish.
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