Aussie Kiwi – AUD/NZD continue to decline lower after price breakout below its 1.0660 support level. Given that the trend is bearish at the moment, traders may consider shorting this market to jump on the bearish trend especially if price pullback into resistance level as it offers more favorable risk:reward trade.
Pound Yen – GBP/JPY one again pullback into its 151.00–150.50 resistance area and rejected . Given that the short term trend is bearish at the moment, traders may consider shorting this market to jump on the bearish trend. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.
Pound Kiwi – GBP/NZD rejected its 1.9400 support level yesterday which could potentially cause price to rally higher in the coming days. Traders may consider buying into this market and have the stop loss set below the 1.9400 support level to limit the loss if price moves against us. The next resistance level is located at 1.9760 which offer traders huge profit margin to buy into this market.