Consolidating Thursday presents us with NZD/USD & AUD/USD

Hello traders,

Let’s hit the charts:

 

 

1. NZD/USD

Finally, yesterday’s daily candlestick close gave us a strong confirmation on our bullish bias.

Today is almost gone and I can still see the daily candlestick having a doji. Meaning that today’s sellers were very much intimidated by the growing buyers in the market and fatigue is already setting in.

There is a huge likelihood that price next bus stop will most likely be 0.70822

 

 

2. AUD/USD

On the daily time frame of the AUD/USD, price broke through an ascending channel, and also broke a key resistance level (0.74636)

If the daily candlestick closes this way, we may most likely see the bulls push price to the next possible resistance level (0.75575)

 

What say you?

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