DAILY TRADE ANALYSIS FOR 27th of April 2022

EUR/NZD

Price Action– A Pinbar was formed at support zones 1.6153-1.6087, this also double as retest of the breakout region of the existing range bound momentum created previously.

Trade focus- We are considering trading the pair into the next resistance zone around 1.6562 zone.

AUD/CAD

Price Action– A rejection pin/inside bar pinbar combo was formed at 0.91720 resistance zone.t

Trading Focus– The price action setup was is line with near term bearish momentum ,we are considering trading the setup into the near term support zone at 0.89968.

NZD/CAD

Price Action- Bearish pinbar was formed at resistance zone, 0.8475.

Trading Focus- The bearish pinbar formed is in line with dominant bearish momentum, we are considering trading the setup , with our eyes on the the nearest support region at 0.83378

EUR/JPY

Price Action Setup– There was no price action setup for this pair.

Trading Focus– We are anticipating a retest of 137.493 resistance zone in the near time.

We can now look for a price action setup to trade into near term support zone at 133.978

AUD/USD.

Price Action Setup-Bearish tailed bar was formed by testing the resistance zone at 0.71688

Trading focus– We are considering trading the bearish momentum into the near term support region at 0.69899

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