Hello traders,
let’s hit the charts:
1. AUD/USD
We can see a strong reversal on the AUD/USD. The key support zone is broken, and there is a likelihood that some conservative traders will be waiting for a pull-back before joining the bears.
My expectation is price will most likely hit support level 0.73176 if the close of the daily candlestick still gives us a strong bearish indication.
2. AUD/JPY
AUD/JPY is resting on a key support zone. The bulls haven’t decided yet on what next to do.
We will need to see how the daily candlestick closes and what price will do the first few hours of the Asian session before taking this trade.
If the bulls concede defeat and price breaks the current support zone, then support level 82.178 will most likely be price next target, but if the bulls gather momentum during the Asian session, we may see price revisit resistance level 85.776
3. NZD/JPY
The support zone that held price the entire last week of October was finally broken today.
If the bears pick up strong momentum, we may see price visit the second possible support level before the week comes to an end.
What say you?
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