I'm looking for longs in AUDCAD. Poised on both weekly and daily levels to continue higher. I'd like to see it move lower when markets open to give a better price to long at.
Compressing inside range on daily then further compression within range on hourly. Me personally would prefer breakout north as supports Aussie analysis, trading ideas.
It looks like GBPUSD wants to test it's lows again. Whilst compressing withing this range. It hasn't created a new high or low since 29th June/6th July respectively. It will need to break out at some point but doesn't look like it yet. I'll be looking for longs around 1.285 area up into the 1.33 area.
If it reaches 1.285 I would expect to see a period of...
This week looks like DXY wants to drop lower to re-test 95 area.
Higher time frame suggests downtrend with the move up from 95 being retracement. Now would expect downtrend to continue.
95.4 has acted as support twice before though and only broke the most recent time due to news with price rallying back above it. Third time is a charm!
We shall have to wait...
