Overall view of AUDUSD
Prices settled on a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium : A reversal can occur driving the price higher.
Possible targets : @0.68000 (+80pips)
Advice : Stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Correlated pairs : NZDUSD (91.7%) and EURNZD (-84.6%).
We are more likely to experience a bear run continuation with the NZDUSD pair. In another hand, EURNZD stays bullish .
Possible targets : @0.68000 (+80pips)
Advice : Stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Correlated pairs : NZDUSD (91.7%) and EURNZD (-84.6%).
We are more likely to experience a bear run continuation with the NZDUSD pair. In another hand, EURNZD stays bullish .