NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
AUD/USD reached an obstacle
SELL 0.7010; TP1 0.6999; TP2 0.6955; SL 0.7025
The market awaits the release of the US nonfarm payrolls at 15:30 MT time today. According to the consensus forecast, there will be a slight improvement in the American economic figures. To bet on the data that are in line with this forecast or better than it, one can make a bearish bet on AUD/USD.
The pair failed to close above the declining 100-day MA on Thursday forming a candle which is very similar to a “shooting star”. In addition, AUD/USD met the downtrend resistance line since 2018. As a result, the way down is the easiest path for the AUD.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...