Today in forex trading the AUD was weak after the news and most AUD pairs had strong overnight movements. The EUR/AUD moved higher. Bigger trends might be forming on the H4 and D1 time frames to the upside on this pair, but we cannot tell due to recent choppiness, so scale out lots on any buys. The AUD/CHF dropped but once again we would scale out lots on any sells because we cannot tell if bigger trends will form. The AUD/JPY also dropped but this pair is hitting lots of support levels so we would exit. The AUD weakness might continue, we simply cannot tell by looking at the charts. Gold was strong against all currencies and had a small breakout to the upside. If it breaks the current resistance the H4 and possibly the D1 uptrends will form and it would have much more upside potential.
These live currency trading signals, Telegram alerts, best-in-class forex charting system, and our complete forex trading system are available on the Forexearlywarning website. Just click on the links below to access this top-notch trading system for 28 forex pairs plus gold and cryptocurrencies.
https://www.forexearlywarning.com/
https://www.forexearlywarning.com/the-forex-heatmap
These live currency trading signals, Telegram alerts, best-in-class forex charting system, and our complete forex trading system are available on the Forexearlywarning website. Just click on the links below to access this top-notch trading system for 28 forex pairs plus gold and cryptocurrencies.
https://www.forexearlywarning.com/
https://www.forexearlywarning.com/the-forex-heatmap