We could see AUDNZD potentially bouncing off the .236 Fib. Beware since the nzd has been very strong in the past weeks. We potentially see a reversal and I'll be preparing to enter a long position beginning of next weeks trading session!
Potential selling opportunities of USD/CAD if it breaks the support level of 1.31800 and resistance around 1.33300. Be careful with entering anything trade due to major news coming out tomorrow (December 6th ). If you enter a trade remember to have a good stop loss with the level of volatility we will see tomorrow.
If it breaks the .618 fib expect a trend change to the upside! If it doesn't break expect more consolidation.
Double tops to Double bottoms. Expect massive Bullish movement soon. I hope everyone has a Happy Thanksgiving!
Bounced off support so I am bullish at the moment. With big news coming up later in the week it could potentially reverse in to a short position. If you are uncertain avoid trading this currency pair at the moment. I see a 55-60% chance that it will continue its bullish movement.
I still see AUDUSD hitting the recent lows seen back in October. We have seen bullish movement since hitting .6770 last week but don't worry too much if you are in it for the long haul. Beware of China/US news if you are looking for a quick scalp. FOMC Meeting Minutes on Wednesday and Flash Manufacturing PMI on Friday.