AUDNZD – Aussie/Kiwi could continue to push higher
The AUDNZD has shown strength recently as we can see in the charts below. You will notice first on the monthly chart that an inside pin bar buy signal has formed from 1.0500 support following several months of consolidation. If bulls remain in control, we could see price continue to break higher from this setup...
The AUDUSD FX:AUDUSD daily chart shows several tailed bars which suggest rejection of lower prices.
The daily chart looks to be drifting up into the higher side of the longer term trading range at 0.7380.
Whilst above 0.7000 prices remain bullish and traders could consider buying with targets to 0.7295 and then 0.7385
S&P 500 CME_MINI:ES1! has produced a buy signal after the false break down and subsequent reversal higher.
Daily chart shows inside bar false break (fakey pattern). Potential buying opportunity on pull back 1900-1915 support area, with initial upside targets to 1940-50 and 1960-80.