Keeping in line with my previous chart on AUDCAD price is still hovering around the 1.0080 level. Price did break above it today however has pulled back indicating some selling still. If you are interested you can take a short position here looking for a move down to the lower end of the range 0.9875
I have just spotted that the AUDNZD looks too perfect. Looking at the two highs in march and april 2016 I have drawn a trend line all the way to the current day. Price has hit that trend line perfectly and rejected. I am going to take a small short position with a first target at 1.0575 and a second target at 1.0375. Feel free to put your stops just above the ...
AUDJPY is currently trading between a previous range of 89.27 to 82.98. I am opening a short position here with a target of 82.98. If we keep rallying I will short again around the 89.27 area. Keep positions small. This trade is also subject to changing circumstances. Position 1: Short 86.56, Target 82.98 Position 2 (Not Opened Yet): Short 89.27, Target 82.98
Still looking at the same chart yesterday. If you notice we have an even nicer candle formed today to finish the week. Still indecisiveness however over the coming weeks you will start to see a move away from this level. I am buying from 1.06 down to 1.045 if we get there, target is 1.1050 longer term.
Looking at the chart on a weekly time frame you can see that price broke below 1.06 and then rallied above it. 1.06 is an important level as the low in March 2015 and November 2015 creates a trendline where we currently are. It could be a possibility to buy below or at this level anticipating some strength.