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A bearish correction offering 1:1 risk-reward on GBPNZD

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# 1.35375 has been working as a level of resistance # The sellers may go short below 1.34850 USDCAD made a good bearish move in the H4 chart. The pair had a bounce at 1.34850 and made a bullish correction. The pair has been traded around the level of 1.35375. The H4 chart shows that the price reacted at this level several times. Thus, the sellers may keep their...

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# 0.66500 has been holding the price as a level of support # Spinning Top has pushed the price towards the North # 0.67600 may work as a level of resistance AUDUSD has found its support at 0.66500. The pair produced a Spinning Top. It has been heading towards the North with good momentum. The H4 chart shows that the price has still some space to travel towards the...

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# 1.37000 has been working as a level of resistance # The pair may get choppy within 1.37000- 1.35300 USDCAD seems to have found its resistance at 1.37000. The pair had several rejections at the level. At its last rejection, it produced a bearish engulfing candle. However, the pair did not produce any bearish momentum for the sellers. Keep an eye at the level of...

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# 0.66750 has been working as a level of support # Price may find its support at 0.66000 in case of a bearish breakout # The buyers may wait for a Double Bottom to be formed at 0.66750 AUDUSD made a strong bearish move in the H4 chart. The pair has been traded around the level of 0.66750 for a while. The sellers may wait for the price to make a bearish breakout at...

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# 1.35700 may work as a level of resistance # 1.34000 may hold the price as a level of support USDCAD made a significant bearish move by making a bearish breakout at 1.35700. The pair is traded around the level as of writing. The sellers may keep their eyes in the pair to get a bearish reversal candle to go short. The H4 chart shows that there is enough space for...

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# 0.68350 has been working as a level of resistance. # An up trending trend line has been working as a support. AUDUSD had a mixed week. The pair got bearish to start its trading week, but it closed it’s week by making a bullish move in the H4 chart. The chart shows that the pair has been trapped within a triangle. Thus, traders may wait for the price to make a...

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# 1.36700 has been working as a level of resistance. # 1.36000 may hold the price as a level of support. # A bullish trend line is in play. The pair has been very bullish in the H4 chart. It seems to have found its resistance around 1.36700. Upon having a rejection, it produced two consecutive bearish candles. The level of 1.36400 produced a bullish spinning top....

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# 0.68300 has produce a Double Top # A bearish engulfing candle has been formed at the resistance AUDUSD had a bullish week, but the pair closed its trading week by showing some signs to get bearish in the week ahead. The price had rejection at the level of 0.68300 twice. At the second rejection, it produced a bearish engulfing candle followed by a bullish inside...

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# 1.35000 has been breached and it now may hold the price as support # 1.40000 may work as a level of resistance USDCAD made a very significant breakout at 1.35000. The H4 chart shows that the price produced consecutive H4 bullish candles and made the breakout with a bullish Marubozu candle. The price seems to be having a bearish correction. It may find its...

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# 0.67800 working as a level of resistance # An up trending trend line is in play # Traders may keep an eye at the triangle breakout AUDUSD has been bullish in the H4 chart. The pair had a bounce at an up trending trend line’s support and made another bullish move last week. It closed its trading week around the level of 0.67800, where the price had rejection...

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# 1.34500 has been working as a level of resistance # Keep an eye at 1.34000 to get a bearish reversal candle # A bearish breakout below 1.33550 may make it bearish USDCAD found its resistance around 1.34500 and made a bearish move. The pair had a bounce at 1.33500. It may consolidate now. The level of 1.34000 may work as resistance. If the level produces a...

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# An up trending trend line is in play # Price may produce a Double Bottom at 0.66350 # Next resistance may come at 0.68000 AUDUSD had a bearish correction. The level of 0.66350 held the price as a level of support. The price after having a bounce has been heading towards the support again. If the level produces a bullish reversal candle followed by a breakout at...

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# 1.32300 has been working as a level of support # A bearish trend line is in play # Pair may find its next support at 1.31500 USDCAD after being bearish in the H4 chart has been traded around the level of 1.32300. The price has found its resistance around 1.33200. If the level produces a strong bearish reversal pattern, it may end up making a bearish breakout at...

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# The level of 0.66300 got breached # The pair is up trending by producing a trend line # The price may find its resistance around 0.69000 next AUDUSD made an excellent bullish move in the H4 chart, which exactly we anticipated in our last analysis. The pair made another bullish breakout at 0.66300 and closed its week above the breakout level. Thus, the buyers...

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# Support level 1.35300 got breached by the price. # The level of 1.31500 may work as the next support. USDCAD made a very significant bearish breakout at 1.35300. As of writing, the pair is traded below the level. Thus, the sellers may keep their eyes in the pair to go short. The price seems to be having a bullish correction. It may find its resistance at the...

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# AUDUSD made a bullish breakout at 0.64000. # An Inverse Head and Shoulder pattern may be formed. AUDUSD made a strong bullish move to close its trading week. The pair made a significant bullish move at the level of 0.64000 and closed its trading week above the breakout level. The buyers may wait for the price to make a bearish correction followed by a bullish...

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# Keep an eye at horizontal support 1.35300 # The bearish trend line gets stronger In our last analysis, we saw that USDCAD made a bearish move by producing a trend line last week. The price had rejection twice at two points that can be used to draw the trend line with some adjustments. This means the sellers may be more interested to go short in the pair....