Friday Market Analysis: NZD/USD & AUD/JPY

Hello Traders,

Let’s hit them charts:

1. NZD/USD

Finally NZD/USD has broken a key support zone, which has not turned into a resistance zone.

Since the bears are still very much in control, I will be hunting for sell opportunities, and target the previous low, or NPSZ

2. AUD/JPY

Another key resistance zone reached on the AUD/JPY

On the 4-hour time frame, price bounced off the 200 ma, but we may most likely see the bears come in strong as the daily candlestick still supports the bears

So, I will also be looking for a possible sell opportunity

What say you?

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