Weekly Market Analysis: AUD/USD & NZD/USD

Hello traders,

Let’s hit them charts:

1. AUD/USD

Last week,  price on the AUD/USD closed at a key resistance zone.

This week I will be waiting to see how Monday’s daily candlestick closes. A reversal candlestick will further support my bearish bias, which may prompt me to join the sellers to NPSZ.

However, if Monday daily candlestick close gives us a convincing breakout through the current resistance zone, I will be watching from the sidelines

2. NZD/USD

AUD/USD analysis applies to NZD/USD.

All I will be looking for is a bearish daily candlestick close before joining the sellers.

Which pairs will you be trading?

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