USDCAD Trade Analysis
Current Trend: Downtrend.
Support Levels: 1.2688.
Resistance Levels: 1.2834.
USDCAD Daily Chart
USDCAD Trade Ideas
For the past few months price action on the USDCAD has been in a fairly strong trend lower.
As the attached daily chart shows, this trend is now coming into an important support level and a level that will test just how strong the trend lower is.
We could expect to see some more support at this level in the coming sessions and if we can see a bounce higher we could look to find new short trades.
High quality short trades could be found on the higher time frames from the overhead resistance that comes in around 1.2834. The best trades from this level would be on the higher time frames such as the daily and 4 hour charts.
USDCAD 4 Hour Chart
AUDJPY Trade Analysis
Current Trend: Uptrend.
Support Levels: 78.75.
Resistance Levels: 79.77.
AUDJPY Daily Chart
AUDJPY Trade Ideas
This pair has been one of the strongest trending pairs in recent months.
Looking to continue to find trades inline with the trend higher looks the best play until we start to get signs the trend is running out of steam.
Price has now moved into and hit a daily chart resistance level. If we can get a move back lower and into the daily support around 78.75 we could start to look for new high quality long trades.
Long trades from this level would be inline with the strong trend higher and from a major daily chart support level.
AUDJPY 4 Hour Chart
