The AUDUSD and NZDUSD charts are telling the same story. What next?

<p>The AUDUSD and the NZDUSD have similar technical stories to tell. </p><ul><li>Each has seen up-and-down price action over the last 5-6 trading weeks.</li><li>Each has its 100 and 200 bar moving averages on their 4 hour charts near the middle of the trading ranges. </li><li>In trading today, each are moving above the moving average levels, tilting the bias more in favor of the buyers</li></ul><p>Having said that, each has work to do to increase the bullish bias and get outside the "red box" that has confined the trading over the last 5-6 weeks. </p><p>To find out what levels are in play and what are the risks, watch the above video. </p><p>Be aware. Be prepared. Know the risk. Know the bias. </p>

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