Aud/Usd - Pending SHORT
Current C.O.T. hints more gains ahead. I will be watching for signs of weakness in current Bullish momentum to Sell the pair.
Preferred Sell Zone - close to 1.0680/1.07
(see weekly chart below)
Weekly Aussie
Eur/Usd - Flat but Waiting to Sell much higher
Current C.O.T. hints bearish momentum is not over yet. I will be watching the Longterm Trend Line Support close to 1.20 for confirmation of a temporary bottom.
I remain broadly bearish but risk/reward considerations argue against selling at current levels.
Preferred Sell Zone - close to Declining Wedge Resistance.
(see weekly chart below)
Weekly Euro
Aud/Cad - Pending Short
My order to Sell the pair earlier this month at 1.06 failed to get triggered as price reversed from just under that figure. The pair is accelerating lower and I will continue to hunt for short.
Preferred Sell Zone - near 1.05 previous Support now turned Resistance.
(see weekly chart below)
Weekly Aud/Cad
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