Thread: AUD/USD and USD/CAD analysis

The USD/CAD seems to have stopped falling and now it tries to go up. I feel like opening a buy here.

The AUD/USD ended the week at the level of 0.7126 and I guess it will go up after the opening.

The USD/CAD has failed to form an up trend during the end of the previous week, but I think it will make it in the beginning of the following week.

Long entry after bullish price action on the H1 time frame following the next entry into the zone between 1.3225 and 1.3190.

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.7350.

the most probable set-up that might occur today off a key level would be another drop that this time would reach 1.3225 with another bullish bounce. This could be a good opportunity to go long, but that should be managed very conservatively as it is against a strong long-term bearish trend.

There is nothing due today concerning the CAD. Regarding the USD, there will be a release of Unemployment Claims data at 1:30pm London time.

You can go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.7642 or 0.7569.

Short entry after bearish price action on the H1 time frame following the next touch of 1.3005 or 1.3200.

AUDUSD has been strong and there are bullish signs which suggest that its good to go for a buy..