Hello Traders, what’s going on market after US closing?

NZD/USD

A candle with long upper shade is creating on NZD/USC daily chart. If it stays it shape, creating a pinbar it will be signal for further decline. There was also a breakthrough in current trend line and todays gains stopped on local resistance zone. Probable target is previous low.

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AUD/CAD

Todays candle creates a very clear bullish engulfing pattern right on a local support zone. Eventhough both of currencies are pretty weak last days, technicals foavours gains. With wider trend still bullish, engulfing pattern is a classic buy signal.