The NZDUSD has been roaring lower in recent times. No Forex pairs can go straight down or straight up and all pairs must rotate and retrace back to value at some point in time. The NZDUSD has now hit recent support. Will we see an overdue bounce higher from this level? Traders could look to get …
USCDAD Stuck in Range
The USDCAD is stuck in a range and has been for the past few months. Price during the last session went higher and tested the extreme highs of this range. The safe play in this market is to sit aside and wait for the market to show it's hand and break out either way. Once price has broken out it …
AUDJPY Retracing to Resistance?
The AUDJPY has been experiencing soild downward momentum of late on the daily chart. Price has broken a key support level and now looks to be possibly retracing higher to this old support area. If price can test this old support traders could look for it to hold as new resistance. Short trades …
