Weekly Market Analysis: GBP/USD & AUD/USD

Welcome to the month of September traders,

let’s see what the first week of September has for us:

 

1. GBP/USD

The key support zone is something I will be looking forward to this week.

If price is rejected by the key support zone, then we may see price re-visit NPRL, but if we do see a breakout below the present support zone, then, sellers should be pushing price to the NPSZ

 

2. AUD/USD

Last week we saw multiple rejections at a key resistance zone on the AUD/USD before we saw Friday close with a bearish engulfing candlestick.

We are most likely going to see the sellers drive price to the NPSZ

 

NOTE:

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