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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Why I’m Looking To Sell AUD/USD and NZD/USD Pairs – May 3rd 2017

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By in Forex Trading Commentary Last updated on | 4 Comments
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AUDUSD – Aussie/dollar selling opportunity remains

In our last AUDUSD commentary, we talked about looking to sell this pair on any strength, whilst price was contained under 0.7611. Notice in the chart below, price did rotate higher after our commentary, before selling off again today. Due to the continued weakness in this market, as we can see in the chart below, we remain short-biased under 0.7611 overhead containment and will look to sell on any near-term upward movement.

NZDUSD – Kiwi/dollar remains bearish

The NZDUSD has also been quite weak lately, selling off from key resistance up near 0.7060 last week and remaining subdued so far this week. This chart is clearly trending lower and we can watch for any temporary pull backs to the upside in order to get short and rejoin the downtrend. Whilst prices are contained under 0.7060 we are looking for price action sell signals.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Sue May 6, 2017 at 6:59 am

    Thanks Nial ya so lovely

    Reply
  2. Adrian Fiorito May 4, 2017 at 8:12 pm

    Nial,
    when you say look for price action sell signals whilst price is “contained under” etc etc. do you mean wait for price to reach the nearest resistance level or trade any bearish price action signals whilst under this containment area?

    Reply
  3. Santhosh May 4, 2017 at 7:32 pm

    Good information..

    Reply
  4. Samuel May 4, 2017 at 1:29 pm

    Thank you Mr.Nial,you are always on point.

    Reply

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