It is unusual to get any life in charts this time of year, but Craig Erlam, Senior Market Analyst at OANDA says there is still some! He looks at the AUDUSD FX pair chart to begin with, noting that it is potentially into correction mode. He says that the positive divergence is typically a bullish sign.
Next discussed by the pair is Gold. Craig wonders if it’s a bit of a dead cat bounce. Last chart analysed in this segment is NZDUSD. Craig looks at the chart from a technical point of view and explains why he feels it has been an interesting year for the pair and why he feels it is due a correction soon.
Watch the segment for Craig’s full technical analysis of AUDUSD, Gold and NZDUSD.
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