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AUDUSD Daily Chart |
AUDUSD closed the day with a nice pin bar. The interim trend on the pair is bearish, we will therefore stick with that trend and wait for a possible price action setup around resistance (as indicated above) to go short on this pair.
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NZDUSD Daily Chart |
The pair closes with a significantly good Price Action pin bar setup, however, we have also noticed a cross of the Moving averages. Therefore, our bias will remain bearish on the pair. A failure to break above the MA dynamic supports could trigger a sell off. We there wait for a possible sell signal setup as price rotates into the dynamic support.
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