Forex Chart – Nov 18, 2015: AUDNZD, NZDUSD, EURCAD

AUD/NZD

I have marked the important level that should watch closely on AUDNZD. Price has break above on the daily chart with the old resistance level now act as the new support level. Price starting to move down in the intraday timeframe (4-hour chart). I’m looking for potential longs set up around those new support level. 

AUDNZD daily chart

AUDNZDDaily-151118

AUDNZD 4-hour chart

AUDNZDH4-151118

NZD/USD

Price has closed below the support level on the daily chart below. This old support level now acted as the new resistance level. The trend still shows some weaknesses, so I still prefer waiting for the price to bounce back, retest the new resistance level and looking for an opportunity to go short as the 4-hour chart shows below.

NZDUSD daily chart

NZDUSDDaily-151118

NZDUSD 4-hour chart

NZDUSDH4-151118

EUR/CAD

Price now sitting on the daily support level on EURCAD. The trends on this pair still show some weaknesses, so I prefer waiting for the price to close below the support level and start hunting short opportunity if the price could retest and printed a bearish signal around that level.

EURCAD daily chart

EURCADDaily-151118

EURCAD 4-hour chart

EURCADH4-151118

 

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