FX Price Action Watch: Week Of September 26th-30th
Price Action Tracker | Sep 26, 2016 07:27AM 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, EUR/NZD, GBP/USD, AUS200
AUS200 testing resistance zone, watch for bearish price action
AUS200 testing strong zone 5430-5462, Watch out for bearish evidence and a potential move to the downside from this major zone. (target 5180).
AUD/USD testing resistance, watch out for bearish price action
AUD/USD is testing strong zone 0.765-0.7685, watch out for bearish evidence and a potential move to the downside from this major zone. (0.745 target).
EUR/NZD, two possible areas to enter short trades
EUR/NZD is in a downtrend, look for bearish price action to go short (target 1.515)
Two resistance zones to watch:
*Minor resistance area (1.551-1.557)
*Major Resistance area (1.578-1.589)
GBP/USD, time to exit trade and look for bullish price action
GBP/USD is approaching a significant support zone (1.28-1.29), if you went short (as recommended two weeks ago) it's time to look for a bullish price action and a potential move to the upside (for a 1.333 target).
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