Sunday, November 16, 2014

11_16

AUD-- EURNZD -- EURAUD

EURAUD- With the support at 1.4211 under pressure- we should consider Alternate scenarios-- Also VSA looks like higher V was at Top of and rejection from green upper channel lines on Weekly.


AUD--

Possible 5 waves down-- .8650 offered quite a bounce-- still last weeks gap and .89 region to consider. I could throw the Vol charts -- but its inverse to the EURAUD/EURNZD
 
EUR/NZD
Mention price around 1.5714 last week-- came close...
Lot a support- Only the entire structure looks like the Wyckoff  Distribution model- which with lack of a real correction from 11/6 high and 1.6271... I might expect a small triangle and breakdown here- leaving bulls trapped... Anyway the yellow channel 1.54 to the downside before another consolidation?