SteveMagana90
NZD had some positive sentiment over Asian session after comments from the countrys central bank on inflation (was seen as hawkish). USD has seen some weakness due to uncertainty over U.S. tax reforms.
AUD had some good data come out (trade balance, building approvals) recently supporting it, USD weakness was see after reports came out that Trump intends to pick Powell as next fed chair.
AUDCHF seems to be in a really good resistance zone printing a few bearish candles.
With the risk on sentiment in play and some USD strength seen as of late, USDCHF could break resistance and retest previous highs.
Looking for small profit trade on AUD following the expectation miss on Chinese Manufacturing PMI.
Yesterday google broke out (resistance) and closed above the 734.36 (area). At the moment we are retesting and possibly coming into support. This trade could easily be low risk/high reward if support can stay in tact. Target 1: 749 Target 2: 769 Target 3: 784