AUDUSD is approaching the October lows posted at October 1st; The AUDUSD has declined nearly 450 pips from the October highs.  Latest decline appear corrective as the formation is in 3 waves, but below the October lows would be a bearish signal and an indication that the bearish trend may have resumed. Alternatively above 0.9440 would be a bullish signal with targets at the monthly highs next.

AUDUSD approaching the October lows
Support 0.9396 0.9221 0.9130
Resistance 0.9391 0.9438 0.9511


NZDUSD price action has been forming a head and shoulders pattern on the daily time frame. A daily close below the support neck line (blue line) would confirm the pattern and signal reversals to latest gains set from the September lows.  A break and sustaining below the neck line is needed in order to confirm. In that case measured objective is at levels of 0.7900. Alternatively above 0.8308 would be a bullish sign.

NZDUSD price action might be forming a head and shoulders pattern
Support 0.8200 0.8159 0.8100
Resistance 0.8265 0.8308 0.8348


Gold retracing most of the gains made from the October lows towards the October highs and is currently trading at 76.4 fib level. Below 1274 targets 1261.36 next. 1274 area could offer some support for the pair as its levels of the support trend line set from the June lows. Bias is to the downside as long as the XAUSUD is trading below 1298.81, a move above these levels is needed in order to relief downside pressure.

Gold retracing most of the gains made from the October lows
Support 1274.03 1261.36 1251.54
Resistance 1293.65 1298.81 1306.66