Yen seems to be showing weakness across the spectrum. If price stays above that key pivot 2016 low,
we could see higher highs made on this pair, with stops sitting just above, there is also void from early August.
Fridays price action took out last weeks low. I expect some sort of pull back in Fridays range before price starts making lower lows.
Will be looking for close on 4H timeframe below last weeks low for potential target 137.000
With yields dropping for Kiwi, worse than expected job data, we also have RBNZ on Wednesday with possible cuts.
A close on 4H/Daily above Friday high would signal bullish structure, aiming for October highs 1.77
2018 lows taken, quarterly lows swept. Would like to see Fridays lows and void filled before move to the upside.
Will await for Monday and Tuesday (RBA rate decision), but as long as price stays above WO and DO we remain bullish.
I'm keeping an close eye on EURAUD at the moment. It looks like its heading back inside fridays range after taking clean lows + last weeks lows.
Potential short term target for this is Mondays & Fridays highs 1.6325 (clean highs). If we start breaking down below 1.6200 we could be heading towards 1.60
AUD/CAD chart of what I think could be heading lower. With Syria/Turkey conflict we should be seeing strength in oil (CAD), also weaker gold would support Aussie lower. On a chart we are coming back down to the monthly open
@ 0.8936 There also is void from 2nd of October. Potentially this could be a pivot/flip zone
