Political instability in New Zealand has depreciated the NZD by a large amount, however bearish news from Japan would establish a ranging market in the NZD/JPY pair. Based on Technical analysis the NZD/JPY pair has reached current resistance levels with signs of price instability. A long position was taken with Previous Structure High and Lows serving as SL and TP...
AUD/NZD pair had reached an established resistance area with bullish buying power waning out in form of doji candles. Trade has a risk-reward ratio of 2.3 with structure high and lows serving as SL and TP points. Trade length is expected to take 2-3 days.
Strong bullish trend has decreased in buying power as price hits areas of supply. The Appearance of indecision candles signals a short trade with a risk-reward ratio of 2.7
A strong bullish trend has been established however, resistance levels have cause price indecision and an expected reversal is about to occur with a Risk-Reward ratio of 2.8.
