AUD/USD - Sitting Just Below Key Resistance
This pair drifted back to around the 50% level of the false-break we discussed in our market commetnary on Wednesday last week. The false-break remains a valid setup and there is still a chance of a sell-off from here. The alternative scenario would be another push higher and if the market closes above 0.9100 on the daily we would start to consider this market form a bullish perspective again.
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| audusd |
EUR/JPY - Bullish Price Action False Break From Key Support
The EUR/JPY produced a price action pin bar from key support on Friday. Near-term resistance is just below 144.00 so there is lots of room for good risk / reward on this trade.
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| eurjpy |
NZD/USD - Deeper Retracement Back To Key Support Likely
The NZD/USD struggled to get traction from Thursday's small pin bar during Friday's session. Given the size of the bearish bar we saw on Wednesday last week we would not be surprised to see a deeper retracement back to key support at 0.8400 into the beginning of next week.
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| nzdusd |
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