Hello traders,
let’s hit them charts:
1. AUD/USD
AUD/USD is presently ranging. The key support zone is something to watch out for this week.
If price bounces off it, then price will most likely return to resistance level 0.69852, but if it falls through the key support zone, then price next possible support level would be 0.67659
2. EUR/JPY
On the daily time frame of the EUR/JPY the key support zone is something to watch out for.
On Tuesday the bulls started their campaign after hitting support level 113.435 with a beautiful bullish pinbar, and on Friday price stopped hitting the key support zone which is currently a resistance zone
If the bulls break this zone, then our next target will be resistance level 139.963, but if the buyers fail to break this zone this week, then we may see price fall to support level 133.435
3. NZD/JPY
The key resistance zone on the NZD/JPY proved to be strong enough to create a third rejection of price, but will it be strong enough to hold price re-visiting it for the fourth time?
If the key resistance zone is broken, then the bulls are more likely to take price to the next possible resistance level (85.39965). However, if price fails, then we will see it fall back to the support zone marked blue.
What say you?
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