NU Back At Demand

AJ engulfed the supply we were looking at last week but there is still potential. Elsewhere NU is back at a key demand level.

AUDJPY - Short

After AJ engulfed daily supply, it continued to rally before reversing. There is another supply level higher up so I've marked that as a point of interest.

2016-12-18-aj-short-d1

 

CADJPY - Long/Short

CJ just about reached the other side of the daily supply I'd marked up before turning lower on Friday. As I indicated last week, the path above is clear so if price wants to make a move higher, there is profit potential.

 

2016-12-18-cj-short-d1

 

NZDUSD - Long

NU has dropped back down to a demand level, we traded long from back in July this year. You can see the initial analysis here.

2016-12-18-nu-long-d1

 

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