A spinning bottom appeared on 4 hour chat during a down trend signalling a potential trend reversal. Resistance zone 113.693 was also broken on hour chat with previous candlestick appearing to be very bullish. Take profit can e set at next resistance 114.390 and stop loss below support at 113.460.
NZDJPY seems to have been in range for the past few days with the lowest reach being 74.693 and the highest being 75.538. If you look closely at 75.0, you will notice that it has been a very strong support and resistance in previous times. Daily candlestick bounced at support 74.693 forming a somewhat small pinbar. On hourchat a pinbar was formed 2 hours ago and...
1.17314 has proved to be a strong support level after being a previous strong resistance level. Hour chat show perfect entry point after we see a pinbar close just on support level 1.17314. I expect price to reach 1.19102.
0.71591 is a strong support level as evidenced from previous price trends. We can look to buy as l anticipate a reversal is in formation. Price may test support at 0.71591 but in the long run we should look to buy AUDUSD and hold position.
The daily candlestick that closed shows high bulls momentum and a breakout is likely to occur soon. Looking at the 4hr candle stick that closed above the trendline, it is safe to buy and hold position.