Chart Artwork: 100-Pip Ranges for AUD/USD and AUD/NZD

The place my comdoll-trading pals at?

I KNOW you’re not but uninterested in buying and selling the Aussie as a result of AUD/USD and AUD/NZD are hanging out close to fascinating inflection factors!

Have a look, yo!

AUD/USD 1-hour Forex Chart
AUD/USD 1-hour Foreign exchange Chart

Appears to be like like Aussie bulls have taken a chill capsule across the .7550 psychological space after pushing the pair larger for the reason that finish of September.

Factor is, the 100 SMA had been a stable assist for AUD/USD for many of October. And now that the pair is buying and selling beneath the 100 AND 200 SMAs, some bears could get the “reversal!” bug.

Is AUD/USD due for a reversal? Search for constant buying and selling beneath .7450, which signifies that the Aussie has damaged beneath its 100-pip vary on the 1-hour timeframe.

The .7400 deal with could be a good goal however the bears also can drag AUD/USD to .7370 if they’ve sufficient momentum.

If AUD/USD finds assist at .7450, then the pair may keep inside its short-term vary. You may whip up your bounce performs or purpose for a development continuation relying on the momentum we see on the retest of the range support.

AUD/NZD 1-hour Forex Chart
AUD/NZD 1-hour Foreign exchange Chart

Within the temper for a less complicated vary play?

AUD/NZD is flirting with the 1.0425 space that has been efficiently supporting the Aussie since late September.

Stochastic isn’t giving us “oversold” vibes but however a easy candlestick pattern evaluation tells us that the wicks across the assist stage is sweet information for the bulls.

Shopping for on the first indicators of a bounce would yield the most effective risk ratio if AUD/NZD pops again as much as the 1.0525 vary resistance.

When you see AUD/NZD break and keep beneath the vary assist that we’ve marked, although, then you have to be prepared to modify biases and commerce a attainable 100-pip breakout.

What do you assume? Can AUD/NZD keep its 100-pip vary?

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