NZDUSD retracing most of yesterday’s gains as the pair started coming off from weekly highs posted at the open of the Asian session. Bias remains to the downside as long as this market stays below 0.8305. A move above this level would be a bullish signal. Targets are initially towards the lows posted last month on Nov and lower.
AUDUSD coming off hard today, the pair is posting new weekly and monthly lows as well. Bias remains to the downside as long as this market is trading below 0.9146, a break above this level would be a bullish signal. Targets are towards the Yearly lows posted earlier this year on Aug.
EURGBP continuing to slip lower, the pair has formed a monthly low on Monday at 0.8250. Resistance levels are at 0.8315 and 0.8330. Bias in the remains to the downside as long as this market is trading below 0.8356, a break above would be a bullish sign.