After few boring days of recent week, markets started to offer more interesting signals and there is more going on. In today’s PA setups review we are going to closely look at AUD/NZD, EUR/AUD, EUR/USD and Kiwi.
AUD/NZD:
Australian dollar against the New Zealand one slipped after Australian data, reaching the key support. Trend from the year beginning is clearly upward, and big corrections can be seen almost every week, so there is a huge chance for rebound. It is worth to observe the currency pair, looking for PA buy signals (D1 and lower TFs).
EUR/AUD:
Therefore, the currency pair is rebounding from key resistance, it did not give a clear selling opportunities. So, the current increase may be an occasion to open shorts – in line with downward momentum.
EUR/USD
Euro to USD also approached very important level – resistance zone lower band. Here, we also have a downward trend. It is good idea to look for short opportunities and opening selling positions.
NZD/USD
Kiwi may become very interesting – the price reached historical high from 2011. We need as little as few pips to put the pair on extremes which was never observed before. Such strong level may cause a dynamic reaction – traders which are using countertrend strategies may also observe this level and search for sell signals. If the level breaches, re-test from the top confirmed by PA will be a great occasion to open longs.
