Good day traders,
Two more weeks to go and the month of April will become history.
Let’s see what the charts have for us:
1. GBP/AUD
Support zone 1.78126 – 1.77517 proved too difficult to break for the bears in the GBP/AUD.
Price bounce on Friday’s support zone may be short-lived this week as price is close to an important resistance zone.
If price reverses at the resistance zone, then we will be looking at price probably returning to a previous support zone.
2. NZD/JPY
Price gave us a strong bearish candlestick on the NZD/JPY before the close of the market on Friday.
If the bearish outlook still holds this new week, we may most likely see price tumble down to support level 77.353
3. XAU/USD (GOLD)
Gold has reached a key resistance zone. All we can do now is wait to see if price would reverse, and re-visit support level 1725.70, or break through the resistance zone and head to the next possible resistance level (1910.17)
What say you?
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