Weekly Market Analysis: NZD/USD, NZD/JPY & AUD/JPY

Hello traders,

let’s hit them charts:

1. NZD/USD

Last week, NZD/USD was stuck within the consolidation zone

This week I will be waiting to see how the Monday daily candlestick closes. If we do get a close above the key resistance zone, then our focus will most likely be NPRL

But if Monday daily candlestick closes with a strong bearish candlestick, I may look for short selling opportunity

2. NZD/JPY

NZD/JPY has a sweet setup lined up for the week

Last week, we saw price break a key resistance zone (The highest NJ has reached in the past 17 years), retest the support zone, before closing the week with a strong bullish candlestick

This means we are most likely going to witness a strong bullish move this week, and there is a possibility that price could move another 100 to 300 pips before the week runs out

3. AUD/JPY

I love the gradual bullish build up on the AUD/JPY

We can see a partial breakout of the key resistance zone formed last week. This week I will be waiting to see how buyers react around the key resistance zone

If buyers continue their bullish move, then I will be riding with them

What say you?