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/NZD, CHF/JPY and Gold
AUD/NZD daily pin bar at resistance
AUD/NZD, bearish price action (pin bar) at resistance area 1.06404-1.06727, potential move to the downside from this zone (1st management point 1.056).
CHF/JPY testing support area
CHF/JPY is testing support area (112.051-112.666), waiting for bullish price action for a potential move to the upside from this zone.
Gold, bearish price action near resistance area
We had a nice bearish key engulfing reversal near a strong resistance area, potential move to the downside from this zone.
Happy trading
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