TGIF Traders,
It’s another beautiful Friday over here in Lagos Nigeria. I spotted some decent setups which may play out today, so I decided to share.
If the setups work out, we may make some extra dough for the weekend, which won’t be a bad idea.
Without further ado, let’s hit the charts:
1. AUD/USD
On the AUD/USD, price has broken a key support level (0.76306)
Our major concern now would be price reaction around the 0.75779 support level.
A breakout may most likely encourage sellers to take price further down to 0.75472, and a retest may mean price re-visiting resistance level 0.76036
2. AUD/NZD
Price on the AUD/NZD has been rejected severally by resistance level 1.06762
Today we MAY see the bears in action. If that happens, price next stop may most likely be 1.05688.
3. CAD/JPY
The CAD/JPY is majorly bearish on the higher time frame, so in my opinion, support level 80.955 may not hold price for long.
If we do get a breakout, we may see sellers crash price, which would most likely make support level 80.405 price’s next support level.
What say you?
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