AUD/USD and USD/CAD analysis

[Sadam]

Hello, dear forum members!

I was thinking of trading with a couple of new pairs and I chose AUD/USD and USD/CAD for that. I decided to combine analysis of two this pair in one thread as both of them are connected with resource based currency (AUD and CAD).

Hope you'll find some useful information and if you have your own thoughts, please, don't be shy!

I'm starting next week and now I just had some research that AUD/USD was at the level of 0.7372 at the closing of the market. I guess there will be another pull back and the beginning of the next week will be bullish at this market.

[Sadam]

The USD/CAD shows us a general up-trend and it is likely to continue. I'll follow the oil prices news to see the situation at this market more clear.

[orni308]

AUDUSD has been on the positive trend but it seems that lot of selling is going to take place and the prices are going to come down.

[Sadam]

It's not the perfect time to trade with AUD/USD pair. It ended up the last week at 0.7299, forming a side-trend.

[Anatris]

AUDUSD pair is situated near lower border of 0.9637 - 0.9724. It is likely to go upward toward resistance level. This level is very strong, so I guess, the pair won't be able to break it.

[Anatris]

AUDUSD pair is situated near lower border of 0.9637 - 0.9724. It is likely to go upward toward resistance level. This level is very strong, so I guess, the pair won't be able to break it.

[Sadam]

The AUD/USD is expected to go down according to the world news, in addition, it has quite a good resistance. I guess it's quite a good time to open a buy.

[Sadam]

I meant sell

[Sadam]

The AUD/USD market went to the floor and forming quite a weak support went up, I guess it will go down and break this supportive level in the near future.

[Anatris]

There is a sideways trend at AUDUSD pair chart. So, of course we can trade from borders of this channel, but I guess, you'd better keep away from trading until this channel breaking.