In today’s TradingView show Tip TV’s Zak Mir and Steven Woodcock from Plutus FX discuss four important charts – EUR/CAD, USD/JPY, NZD/USD and AUD/USD published by the TradingView users.
Key points – At the moment, CAD is closely tracking oil prices. This could limit the drop in the EUR/CAD pair.
USD/JPY looks bullish on account of the inverse head and shoulder pattern, but the upside could be capped by key levels. Need to be cautious on this.
NZD/USD is a tricky pair, not much depth currently.
AUD/USD appears poised for an up move, although potential exists for two-way moves.