AUD/USD fell on Friday as traders sold off the risk trade. The pair looks like it is consolidating in a tight range now that we have a shooting star following a hammer. The pair looks like it wants to think about its next move. We prefer selling in this environment if we get a move.
NZD/USD looks very much similar to the AUD/USD, but also has the clear cut progression of “lower highs” to add to the possibility of selling off.
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