AUDUSD, NZDUSD and AUDNZD 130923

AUDNZD looking very bearish on the weekly with a possible flag formation.

With a long bearish wick forming near the lows. (unclosed candle) if break and hold below on close, high probability of it going much further. Otherwise, could be a fake out move and double bottom formation. 

 AUDUSD looking bullish on retest of 0.9375 support and holding. Targets 0.9710. Weekly 38.2 retracement is capping on the previous down move.

On H4, AUDUSD is testing TL, have entry to short at 0.9330 with 0.9350 SL for target 0.9320 = 90 pips, R:R= 1:4. 0.9320 is the gap.

Last weekly candle on AUDUSD has long bearish wick, bullish close. Almost an inverted hammer.

NZDUSD daily stopped by 78.6 retracement. Daily pennant formation + still above TL has potential for more upside to test 0.9610 TL resistance from previous upmove. Very overbought on weekly.

If AUDNZD proves to be bearish, AUD will perform worst off than NZD.