Daily Price Action

Price Action Setups – EURCAD Forms Back to Back Inside Bars


The EURCAD has put in two consecutive inside bars this week. With the immediate trend down, I wouldn’t be surprised to see price test the 1.49 level before we see the larger uptrend resume. There’s no price action trade at the moment, but this pair does have some interesting levels to watch for the near future.

forex price action daily setup

The AUDNZD tested the 1.074 area today, just as I mentioned it might in yesterday’s post. Although not a pin bar, today’s price action clearly rejected this level. With this pair in a range, and today’s price action, I wouldn’t be surprised to see the 1.09 level tested in the coming days. The AUDNZD seems to be trying to put in a bottoming pattern after experiencing a downtrend that has lasted almost 3 years. Only time will tell…

price action setup

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