Hey traders,
let’s hit the charts.
1. NZD/USD
On the daily time frame of the NZD/USD we can see a consolidation of price within the consolidation band.
If the daily time frame closes with a strong bearish pinbar breaking out of a consolidation bar, then we may be ready for another bearish run to the next possible support level (0.69469)
If not, we may have to refrain from trading this pair till we get a breakout either below or above the consolidation band.
2. NZD/JPY
Another strong bearish pin bar loading on the daily time frame of the NZD/JPY.
A close below the consolidation band may most likely encourage sellers to pull price further down to the next support level (77.132)
3. XAU/USD
Finally Gold is giving buyers a ray of hope by trying to break out of the consolidation band it has stayed in, in the past 4 days.
If we do get bullish confirmation, price next bus stop will most likely be resistance level 1831.59
What say you?
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