Bears Regain Control Over AUD USD and NZD USD After Rally Stalls
Recent momentum for the AUD USD and NZD USD pairs faces a turnaround as bears emerge stronger. Following a significant V-shaped rally, both currencies hit a resistance level that stifles progress. With bearish candlestick formations appearing, the US Dollar reclaims demand.
Investors now question whether recent gains are sustainable. Market dynamics suggest that the path of least resistance may shift lower at this time.
Active traders should prepare for potential volatility ahead as these trends develop.