AUDNZD: (update)

AUDNZD has dropped +80 pips since the last commentary. Traders are looking to manage their short positions as the market is reacting from a supply zone. Currently there are signs of a rejection however no confirmation has formed as yet. Traders are looking for an aggressive wave to the upside to confirm rejection.

CHFJPY: (update)

CHFJPY is back at the top of the structure. Traders expect the current bullish leg to complete and price to drop from these levels. An aggressive rejection will confirm a shift in momentum.

USDJPY: (update)

USDJPY is also at the top of the structure and traders are looking to close their long positions. Just like CHFJPY, traders expect a reaction from these levels as the outlook is bearish. An aggressive rejection will confirm a drop.