In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that the dollar is setting up nicely and beginning to creep back into the markets. As a result, we have identified a couple of primed dollar trades which could be ready to break very important levels and give us some great high probability trading opportunities.
The first market is the USDCAD. A confirmed break above the monthly high of 1.3341 signifies a structural failure to the upside and a trade worth focusing on.
The other high probability trade opportunity is in the AUSUSD. If you look at the charts you will see a strong level of support around 0.7050. If this breaks, we are likely to see a strong move lower.
The Dollar Is Setting up Nicely – Full Video Analysis
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