| What levels are in play(and why) for the major currency pair to start the new trading day |
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AUDUSD trades up and down in trading today with swing areas defining support & resistance.
2024-10-10
Swing area support and 100 day MA comes in between 0.6685 – 0.6696. Resistance at a swing area starting at 0.67429
The kickstart video for Oct 9 looks at the technicals that drive the three major FX pairs
2024-10-09
The EURUSD rotates lower and toward key technical support. The GBPUSD bounces ahead of the 50% retracement again. The USDJPY also bounced off a key corrective support target. A special look at the NZDUSD after the RBNZ 50 bp rate cut.
The AUDUSD fall below MA and retracement support and runs to the downside
2024-10-07
The AUDUSD fell below the 200 bar MA on the 4-hour chart snd the 50% of the move up from the September low at 0.67813.
USDCHF technicals are pretty easy as it trades between MA support and resistance.
2024-08-09
The 38.2% of the move down from the July high is in play on the topside at 0.86683.
The JPY has moved higher vs the major currencies as “carry trade” is liquidated.What next?
2024-08-06
The run lower in a number of the JPY pairs has run into support and bounced. Is it the first leg of a carry trade liquidation?
AUDUSD nearly completes the down and up lap. Runs into key technical resistance
2024-08-05
The AUDUSD stalls the rally at the 100-hour MA and rotates lower
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