AUDJPY currency pair appears to be locked in an indecisive range between 79.606 & 77.753 cluster zones. Our outlook is neutral at the moment but might provide opportunities for range traders. Current price action warrants further observation in candle behavior as a daily close that completely engulfs previous day's candle (reverse hanging man) or a daily close...
The AUDUSD is tracing out what appears to be the finishing stages of a downward move. Downward momentum appears to be finishing and our bias is largely bullish for the pair. However current downward move could still stretch to as low as 0.70191/0.70137 cluster zone. At this zone we expect to see strong buy orders enter the market if not before. However, the...
AUDCAD has assumed a bullish shape. Currently we anticipate consolidating into long positions just above the blue trend line shown with target in the 0.96388 region. However, any price move or price close on a daily basis below 0.9352 zone invalidates the bullish outlook Happy Trading! www.trading-equity.com www.facebook.com