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

AUD/NZD

After long time of gains, we finally have seen a power of supply. Todays session was definitely a bear day, which ends up with long black candle on a daily chart. We can also build a downtrend channel and after whole week of trading we’re finally at local demand zone. If price break through this area it will mean, that in next couple of days downtrend stay a main scenario for AUD/NZD. We are waiting for Monday…

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EUR/CAD

Yesterday price hit the trendline from the bottom, and local resistance zone. Today price is creating a pinbar at daily chart. Even if it will be a classical, bookish sell signal you shouldn’t really play counter this momentum we’ve seen yesterday.