Tricky Friday presents us with AUD/USD, AUD/NZD & CAD/JPY

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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