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FX Price Action Watch: October 3rd-7th

FX Price Action Watch: October 3rd-7th

In this week’s market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves. Pairs and markets analyzed this week: AUD/USD, GBP/USD and Gold

AUD/USD, Pullback opportunity, look for Bearish Price Action

AUD/USD Daily Chart

AUD/USD is about to retest the resistance area 0.769-0.771, Watch out for bearish price action and a potential move to the downside from this major zone.(0,748 target).

GBP/USD at a significant support area

GBP/USD Daily Chart

As mentioned last week, GBP/USD is now at a significant support zone (1.28-1.29), look for a bullish price action and a potential move to the upside (for a 1.333 target).

Gold near support zone. Watch out for bullish price action

XAU/USD Daily Chart

Gold’s price is approaching strong support zone . Watch out for bullish price action and a potential move to the upside from this major zone.

Happy Trading

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