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Trend warriors huddle up! I’ve spotted neat trend plays on AUD/USD and GBP/NZD’s charts that you wouldn’t want to miss. Check it!

AUD/USD: 4-hour

AUD/USD 4-hour Forex Chart
AUD/USD 4-hour Forex Chart

First up is a nice and simple channel on AUD/USD. As you can see, the pair is lollygagging just below the .7800 handle. Not only that, but it seems like the channel resistance is holding on the 4-hour time frame!

Shorting at around current levels could give you a good reward-to-risk ratio especially if you believe that the Aussie would hit its previous lows near .7600.

If you’re one of them Aussie bulls, though, then you could also wait for the pair to break above the .7800 mark and aim for the next resistance levels near .7900 – .7950.

Whichever bias you choose to trade, make sure you practice good risk management when you execute your trading plans!

GBP/NZD: Daily

GBP/NZD Daily Forex Chart
GBP/NZD Daily Forex Chart

Here’s one for my currency cross-trading brothas out there! GBP/NZD is consolidating in a triangle after rising sharply in late 2017.

Are we looking at bullish pennant over here? You see, the School of Pipsology suggests that such patterns hint of trend continuation.

If the pair breaks below the triangle AND the 100 and 200 SMAs, however, then we could be looking at a change of trend that could drag the pair to as low as the 1.8800 support.

Watch this one closely, fellas!

Forex Chart Settings:

Slow Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line4