Hello traders,
It was a crazy day at the market yesterday during the N.Y session. The U.S dollar gained strength within seconds and all other major currencies dipped.
Let’s see if there is any trading opportunity today in the market.
1. GBP/USD
Price may retrace after a strong bearish move on the GBP/USD.
Are we going to see price revisit 1.40617 before further dipping, or are the bears going to continue from where they stopped yesterday?
If we do see the bears continue a downward pull of price, our next possible support level would be 1.38887.
2. NZD/USD
Price on the NZD/USD has succeeded in retracing up to 50% Fibonacci level.
From here onwards we may see further fall, and our next possible support level would be 0.70493
3. NZD/JPY
Consolidation of price on the NZD/JPY may mean the bulls are getting weaker.
We may see a reversal of price, which may take price back to support level 78.127
What say you?
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