These are some levels I will be watching on the way up to 1.3-1.31. A break of the trendline will invalidate my long bias.
After finding neckline support AUD/USD has made repeat higher lows, may be the making of an ascending triangle? Long TP .775 SL .7619 Trade at your own risk!
USD/CAD is making a nice ascending triangle. TP 1.3 SL 1.285
Watching for a retracement to the 38.2%-50% region of the extension from 1.206 to 1.259.
Will this last retracement be the catalyst for a 100-200 pip decline? Or will Draghi & Theresa May's speech push the Euro Higher? Trade with due diligence.
USD/CAD looks primed to follow an equal distance abc pattern if the trendline coming from 2012 does not hold
After AUD/USD was supported by the trend line and the 200 day moving average on the 4H time frame I can see a rise to .81-.82 as a strong possibility. A break of this trend line will invalidate the long bias as well as any push from the RBA due to the AUD creating economic headwinds.