FX Price Action Watch: October 3rd-7th
Price Action Tracker | Oct 03, 2016 07:23AM ET
In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/USD, GBP/USD and Gold
AUD/USD, Pullback opportunity, look for Bearish Price Action
AUD/USD is about to retest the resistance area 0.769-0.771, Watch out for bearish price action and a potential move to the downside from this major zone.(0,748 target).
GBP/USD at a significant support area
As mentioned last week , GBP/USD is now at a significant support zone (1.28-1.29), look for a bullish price action and a potential move to the upside (for a 1.333 target).
Gold near support zone. Watch out for bullish price action
Gold's price is approaching strong support zone . Watch out for bullish price action and a potential move to the upside from this major zone.
Happy Trading
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