Thread: AUD/USD and USD/CAD analysis

The AUD/USD was a place for scalpers during the end of the previous week. I guess the trend will remain being mixed next week, so I'm going to scalp here again.

The USD/CAD was on the way up at the moment of the market closing, reaching the level of 1.3112 and I guess this market will continue its way up next week, so I'm going to open a buy.

The AUD/USD is acting near the ceiling and I can see it has all the potential to break the resistance level, so I'm going to open a buy.

The USD/CAD, on the other hand, has just broken the supportive level and it will probably go further and further down, so we'd better open a sell here.

The AUD/USD had clear general down trend which will probably remain the same, so my plans for next week are definitely to buy on this market.

The AUD/USD is going up little by little. I guess it's just a little pull back and we'd better open a buy on this market today.

The AUD/USD is on the way up and my next step here is to open a short term buy, since I feel like it won't break the resistant level.

The Australian dollar had a very strong showing on Friday, touching the 0.7650 level. We did pullback slightly though, but I think there’s more than enough support that we pull back the buyers will get involved sooner rather than later. If we get a supportive candle on a short-term chart, and I might be reason enough to go long, but you also have to keep in mind the gold markets tend to influence the Australian dollar as well, so pay attention to them. If they go higher, that would make sense that we would bounce.

I think that the 0.75 level represents a significant “floor” at the moment, so I would not expect to be able to sell this market until we get well below that barrier.

The AUD/USD is on the way up and I'm opening a short-term buy here right now, but I expect the pivot to appear very soon.