In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we focus on dollar strength against the CAD and AUD.
The first opportunity is in the AUSUSD. This market has been in a downtrend since Jan 2018 and we are seeing the potential for another leg lower. However, we are only interested in selling if the price breaks below yesterday’s low of 0.7040.
The other market is USDCAD. This market has been in a bull channel since Aug 2017 with the potential for the next leg high but only if prices break above 1.3348. This would then signify a strong high probability trade to the upside.
Dollar Strength Against the CAD and AUD – Full Video Analysis
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