Forex Videos

Watch the latest analysis of the USD/CAD, AUD/USD Forex pairs for the February 28th in this video. USD/CAD — This pair rose initially well above the parity level — 1.0000 and and fell to form a shooting star on Monday session as seen in the daily chart. We are in a consolidation range. We have strong resistance at 1.01 and support all the way down to 0.9750 level. However, it is hard to see a catalyst for a breakout of consolidation in this pair if oil can't do it. Then what is going to push this pair down for the long term. We treat this is as a short term only pair as the downside gains are somewhat limited. AUD/USD — This pair forming consolidation just under 1.08, but now looks as if the consolidation is actually a bullish flag. What it means is this pair is going to go higher if we break and out of the flag. A daily close above 1.08 level is seen as a buy and hold trade and we could see the 1.12 and even 1.15 levels. This pair is obviously strong and with the Central Banks around the world easing, makes sense the commodity trade continues.