EURAUD has not managed to break its horizontal resistance, marked by a double top. A bearish channel has formed, where we could see a rebound. The next support levels offer a good Risk-Reward Ratio (RRR).
NZDCHF could continue its bearish trend and aim for the lows. A resistance zone, along with a downward trendline, helps confirm this bearish bias. There is no major support, and this position offers a good Risk-Reward Ratio (RRR).
With the good news, the indices appear to have broken out of their downward trend. A pullback is expected on the SP500, and this retracement would occur in the 0.5 - 0.61 Fibonacci zone.
