The buyers in the NZDUSD tried to break higher on Friday, moving above a key 200 hour MA on the hourly chart and swing level on the daily chart. However, momentum failed and the price rotated lower.

Prior to the rally on Thursday and Friday, the price did break below the 50% midpoint of the range since 2021 low on the daily chart opening the door for lower levels. That break also failed leading the snap back rally higher.

So for the week, the sellers had their chance, and the buyers had their chance. Both failed.

As a result, the price is back in a neutral area in the short term and waiting for the next shove.

Find out the key levels in play that will give traders clues in the new trading week.

This article was written by Greg Michalowski at www.forexlive.com.

The GBPUSD moved higher into the jobs report on Friday, but fell as yields moved higher and so did the USD. The GBPUSD fell to a support level on the hourly chart, but maintained hope for more upside from the look from the daily chart.

Monday should give traders some technical clues on who might win the next battle. The video will outline the key levels in play for the pair.

This article was written by Greg Michalowski at www.forexlive.com.

The AUDUSD made new cycle lows this week, but bottomed midweek and moved higher on Thursday and Friday. The move back to the upside took the pair back into a „red box“ that confined price action for 3-months. The break failed. The buyers returned.

However, the run to the upside on Friday ran into resistance against the high of a swing area on the daily chart, and a key retracement level on the hourly chart (the May trading range).

So as we head into the new week, there is key resistance on the top and key support on the downside as well and both the daily and hourly charts support those levels for different reasons.

Find out why those levels are key and where they are in this video.

Be aware. Be prepared.

This article was written by Greg Michalowski at www.forexlive.com.