Hello Traders,
Let’s see what the market has for us
1. AUD/NZD
AUD/NZD is currently battling with the 1.06834 resistance level.
Personally, if I were to take this trade, I won’t be comfortable trading a bullish breakout because of the 1.07507 resistance level.
I would rather wait for a reversal which may mean price revisiting support level 1.05708.
2. XAU/USD (GOLD)
Price on Gold is resting within a consolidation band.
If we do get a bearish breakout and price breaks through the consolidation band, we may most likely see support level 1822.06 get tested.
On the contrary, if the upper resistance level of the band gets broken, we should watch out for price hitting 1896.49
What say you?
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