FX:NZDUSD (Short Term)This pair just made a Higher High and now is acting as support plus its also a weekly support, we also got a bullish rejection candle, we might see price go up to .73750
*Long Term is bearish*
FX:EURAUDWeekly levels are the boss, they are key levels where we need to put attention, we can see major reversals coming from there.
In this pair we see that there has been bearish pressure and it has created this triangle, it reacted to those weekly support levels now the 1.44500 is acting as resistance, we ...
We can see that in that weekly support area we are having rejection from the market, if the market pushes forward and breaks that lower high or if i get a buy signal in that support i would go long.
*** We might also see that it goes all the way down to 1.36***
AUDUSDThe price consolidated since the last week breakout and created a flag pattern, we might see price go test the.74400 and if there's bearish evidence I will go short.
I dont usually use trend lines but this time this seem to be a great opportunity o use them and if I see bearish evidence in the next days I will short it, this might be a great risk/reward opportunity
If everything goes as speculated the Long Term target would be 112.000
My Sl ...
AUDUSD is looking bearish in this moment. I will look to go short in the next couple of days, If you are a conservative trader you might want to wait for a pull back after breaking the .74425 support line or see if it gets to the .75610 resistance and wait for any bullish rejection candle if it breaks the ...