Wednesday, October 23, 2013

AUDUSD NZDUSD AUDNZD 131024

AUDNZD


AUDNZD has broken to the upside from nzdusd weakness. Now is above the daily trendline.

On the H4 , we see that AUDNZD has moved to retest the trendline at 1.1430 and above the support.
Looking bullish to 1.16.

AUDUSD


 AUDUSD bouncing off the trendline support and towards the 50% retracement at 0.9680.


NZDUSD


NZDUSD on the daily has a bearish engulfing pattern from yesterday. Still above the trendline support.


On the H4 has bounced off the support and currently capped by horizontal resistance + 38.2 retracement.

NZDUSD looking weaker than AUDUSD, AUDNZD looks like it will run higher from the double bottom. 

No comments:

Post a Comment