EURUSD coming off hard last week retracing all of October gains in 4 days of trading, the EURUSD came off more than 390 pips in 4 days of trading. Latest declines seem impulsive so the preferred strategy is selling strength as long as the pair is below 1.3644 with targets initially at 1.3400. The EURUSD has found short term support at the support trend line set from July lows.
AUDUSD climbing higher today at the open of the European session after the pair came off last week retracing most of the gains made on October. The AUDUSD has been in a corrective move since the late august lows. Below 0.9300 would confirm that the corrective move has been finished and turn bias to the downside once again. Above Thursday highs would be a bullish signal.
NZDUSD found support at the Lows set earlier on October at 0.8190. The pair formed a bullish pin bar which may be indicative for a short term corrective move upwards. The pair has come off nearly 350 pips from the October highs set on OCT 22nd. We could see a correction higher towards 0.8308 initially, followed by 0.8358 before a resumption of the next leg down.