In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/USD, GBP/USD and Gold
AUD/USD, Pullback opportunity, look for Bearish Price Action
AUD/USD is about to retest the resistance area 0.769-0.771, Watch out for bearish price action and a potential move to the downside from this major zone.(0,748 target).
GBP/USD at a significant support area
As mentioned last week, GBP/USD is now at a significant support zone (1.28-1.29), look for a bullish price action and a potential move to the upside (for a 1.333 target).
Gold near support zone. Watch out for bullish price action
Gold's price is approaching strong support zone . Watch out for bullish price action and a potential move to the upside from this major zone.
Happy Trading
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