In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the markets and see dollar and Oil strength still in contention.
We arrived at this conclusion because of the price action we have again witnessed yesterday. The markets that we focused on yesterday were GBPUSD, AUSUSD and Crude Oil. Each of these markets have shown strong signs of a reversal.
Looking at the GBPUSD, we are looking very closely at a break out below yesterday’s low of 1.2668 for a high probability opportunity for these markets to push lower. The same can be said for the AUDUSD. A break below 0.6960 could give us a green light for some more selling.
Finally, in the USOIL market, after a good strong positive bullish move yesterday, we would expect continuation to about 53.30.
Dollar and Oil Strength Still in Contention – Full Video Analysis
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