AUDUSD has rallied up +50 pips from the support zone as well as structure. The head and shoulder scenario is also playing out and provides confluence. Traders expect AUDUSD to continue the bullish run and form new higher highs and will be looking for long opportunities.
GBPNZD dropped +60 pips since the last commentary. A break below the support trendline and a bounce from the resistance zone changed the behaviour and structure. At the moment the market rejected the neckline and is headed for new lows. Traders are looking for short opportunities.
GBPAUD also dropped +60 pips since the last commentary. Traders are now bearish since the market broke and closed below the structure as well as the trendline. Any pullback will be seen as an opportunity for a short.