GBPNZD is trading in a range now. Chart spiked up for the last hours.
If this little move up continues and comes near the 1.8300 level, we want to see a nice healthy rejection and a possible trendline created so we can short it through the lows or through the trendline break
I will keep this chart updated.
FX:GBPAUD
The rate is currently trading beneath some important resistance levels - the 6-month falling trendline starting after the rate made a breakaway gap from the Brexit low, the former channel support as the new resistance and the monthly high at 1.7170.
I am bit more bearish here and will consider entering a short on a break below 1.7000 to target the...
FX:AUDNZD
Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon.
I am bit more bullish here, because of these two head and shoulders patterns.
I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the...
EUR/AUD
This year it broke the rising channel, tested it as the new resistance, but stopped dead with no follow through.
For weeks now it has been stuck in quite a tight range between 1.4100 and 1.4500.
I am still more bearish here as it is putting a lot of pressure on this 1.41 level., however, not so far down below we have a major support area around...
AUD/USD
The aussie is currently my top trade for 2017 and I've already have some shorts running here.
As you can see – the latest drop and breakout from this wedge formation comes after just touching this former broken channel support which has become a major resistance. I am currently targeting the 2015 lows around 0.6900 but I do believe it’s possible to...
