Only charts

Both aussie and kiwi are not my favorites for trading. Although they seem easy to analyze , however both need patience and easy nerve. Both have rallied since the beginning of june , NZD/USD stalling at current level and possible reversal this week. I am short at current level 0.7220$ and my stop loss will be any daily close above 0.7220$... I am also short on aussie for a reversal from 0.7560$ area, both trades are initiated by dollar reversal and commodities reversalnas well. Dollar is turning bullish and uk election results will drive the majors to new low in june... Going long on cable will be at 1.2540-80$ area targeting 1.2730$

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.

The pair has been trying to hold above 0.77$ many times but keeps failing except for only one which was reversed totally after unemployment report was released . Technical analysis for the pair ; it is still supported by the trendline coming from multi year low at 0.68$ passing by 0.7150$ and 0.74$ . A break below the trendline probably sitting now at 0.7560$ will accelerate its slide towards 0.73$ area. So we might enter short position at current market level 0.7610$ as the pair is facing resistance on 1h chart with 200 moving average lying at 0.7620$ area. Stop loss will be on hourly close above 0.7645$... Follow me twitter for updates on this trade and other trading ideas... my twitter handle is : @boriology

Aussie has been playing the role of the tough guy for a while now , ignoring RBA rate cut and advancing more than 150 pips then . AUD/USD also ignored the surprising and better than expected non farm payroll "NFP" report , US economy added 255k jobs VS 180k expected. The US dollar rose against all majors including the australlian dollar , however audusd erased all losses and back to square one before the RBA and NFP. The pair is facing tough resistance at the area of 0.7675 area , where it fell many times from that area , if conquered , we might see 0.7720 which is last defence line against recent highs at 0.7840 area. The pair is not supposed to go there and even if , it will be very good area to short the pair at targeting 0.73$ area as first support , if broken , we will see prices not seen in almost a year , and the pair will be trading between 0.6980 to 0.7180 before resuming its fall. I prefer that scenario and I am on the short side Feel free to join me on t...