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

EUR/AUD

There’s pinbar evolving just in the right place. All we can agree, that resistance zone marked green is currently broken, and with those types of candles (long white bodies) price increases are highly probable. Space for further growth isn’t very wide, but getting involved on extremes might profit.

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AUD/USD

There is similar situation on AUD/USD as well. Pair is creating a pinbar, just like the others AUD crosses. This is clearly bearish setup, so if todays candle stays in its shape it might be a good idea to sell AUD/USD. We should also look at monthly chart, to see how much space there is for further falls. Of course, we can’t be sure that AUD/USD is actually going to reach previous lows, but we can easily spot no important support between current levels and such target.