AUDJPY

AUDJPY has dropped +30 pips since the last commentary. Currently the market is trading below the support zone at 82.100 however the daily candlestick has not closed. Traders are waiting for the daly close below the zone which will confirm more bearish momentum.

AUDUSD

AUDUSD recently bounced from the supply zone and has dropped +60 pips. This caused the market to form a lower high but a lower low has not formed. Traders are waiting for a break and close below the structure to form a lower low to confirm bearish momentum. This will alert traders to look for bearish setups.

US30:US30 is back at the support zone as well as the bottom of the structure. Structurally the market is still bullish from a weekly perspective, the current support zone will interest the buyers and the setup is aligned to the overall market structure. An aggressive rejection and correction will confirm a bullish leg.