Last week we had supply marked up on AUDCAD for a potential short but the level didn’t hold. We’ve had a demand level form in it’s place along with demand elsewhere on a number of other pairs which we’ll look at this week.
AUDCAD – Long
We’ve had another demand level form above the previous one so we’ll be watching for a reaction at this level.
AUDNZD – Long
Last week I mentioned that although price is in between two levels on AN, a long seems better given the basing as price rallied. Price is now heading towards demand so we’ll see what happens when it returns.
EURGBP – Long
We have price in between two levels on EG here with a newly formed demand level from last week. Given the recent pause in price, a long looks more favorable at the moment.
USDCHF – Long
After engulfing the daily supply we’d been watching price has dropped quite sharply back into demand. We’ve have a a bit of a bounce and I’m continuing to monitor this one.
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