AUDNZD could be setting up for yet another short opportunity after a weak rise from the lows. The pair is up 0.21% on the day at the time of writing this
The Aussie buck still has no real strength behind it since the central bank never mentioned a rate hike any time soon. On the other hand, the kiwi looks strong due to the expectations of a hike up to 50 basis points in 2022. The pair looks weak overall as well due to the overwhelming pressure to the downside.
AN on the 1D chart is coming up to a possible retest on a falling trend line. Depending on how today and next week goes, we may see price come up to that falling trend line which investors are likely watching for additional short setups. However, if momentum is exceptionally weak, price may fall to the lows of 1.02825 for support.
12/2/2021 US equities fell 5% from the highs after fears of a new coronavirus variant emerged and the first case was recorded in the US. SPX500 is up .10% on the day at the time of writing this. Our outlook The new omicron variant is definitely concerning most investors right now as the US will […]
Check out my previous G/U deep dive from early October here to see how we have progressed... Technical Outlook: Price has mainly been travelling in channels throughout the past year. As we saw the ascending channel formed post-Covid last year, price began retesting all previous key horizontal levels. Over the past couple of months, price has […]
11/30/2021 Gold price rose 0.59% on the day at the time of writing this in light of the uncertainty surrounding the Fed's policy towards the new variant and tapering of asset purchases. Our outlook I think gold will likely see some green today as the virus concerns can cause a slow in growth since the […]