Today we saw bullish price action on AUDCAD, forming a pin bar on the daily chart after rejecting a key level. If you mark these levels on your AUDCAD daily chart and look back to 2012 you’ll notice these are all key levels in the market. With the current bullish momentum and pin bar today, I wouldn’t be surprised to see price test the 1.042 level in the coming weeks.
Key levels for AUDCAD.
The NZDJPY formed a bullish pin bar on the daily chart today after holding the 88.1 level, which has served as recent resistance and now support. This pair has been in an overall bullish uptrend since 2012. If the price action today is any indicator, this pair may test recent highs in the coming week around the 89 level.
