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/CHF, EUR/USD, NZD/CAD
AUD/CHF testing strong resistance area
AUD/CHF price is re-testing a strong zone 0.75-0.7546. Watch out for bearish evidence and a potential move to the downside from this major zone (all way to the 0.73 mark).
EUR/USD bearish engulfing at resistance
EUR/USD engulfing reversal price action at resistance zone 1.09819- 1.10225. Potential move to the downside from this zone (target 1.088).
NZD/CAD bullish price action at support area
NZD/CAD nose engulfing price action at support zone 0.9266-0.9302. Potential move to the upside from this zone (0.95 target).
Happy Trading
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