AUD pairs are moving in two directions driven by their cross currencies.
AUD/CAD – this pair is oscillating on the D1 time frame and is stalling on top of the cycle, start monitoring 1.0360 for a sell and potential is good down to the 1.0050 area. Keep this alarm in place until it hits.
AUD/NZD – this pair in continuing in its strong uptrend, we would consider any strong buy signals on the heatmap, nearby resistance layers so be careful however the overall potential is back up to 1.3600
When the AUD/CAD price alarm hits verify any sell entries with The Forex Heatmap ™ and look for AUD weakness or cross currency strength or both. When the AUD/NZD shows AUD strength or NZD weakness or both in the main session consider a buy.
Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month
AUD/CAD – this pair is oscillating on the D1 time frame and is stalling on top of the cycle, start monitoring 1.0360 for a sell and potential is good down to the 1.0050 area. Keep this alarm in place until it hits.
AUD/NZD – this pair in continuing in its strong uptrend, we would consider any strong buy signals on the heatmap, nearby resistance layers so be careful however the overall potential is back up to 1.3600
When the AUD/CAD price alarm hits verify any sell entries with The Forex Heatmap ™ and look for AUD weakness or cross currency strength or both. When the AUD/NZD shows AUD strength or NZD weakness or both in the main session consider a buy.
Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month
