Forex Market Technical Outlook Video AUDJPY and AUDCAD Week 03 JUL

AUDJPY & AUDCAD Forex Outlook Video

Forex Market Technical Outlook Video for  AUDJPY and AUDCAD weekly forecast for the week of July 3rd.

On AUDJPY,

image of AUDJPYPrice has moved up hard into the $86.61 supply zone.  It has still yet to touch this level but over the past week it’s made a valiant run to the north side.  This coming week I believe that price will touch the supply zone at $86.61 and recoil to the downside some.   The other thing that may happen is it may stall around in the $86 price range as it figures out if price really wants to go up and push the highs of $88 or not.

On AUDCAD

image of AUDCADThis week, We see that price has slightly broken the previous low at .9925 and I believe that it can go down to daily demand zone at .9865 down to .9800.  Now this is a long term kind of play that should take several weeks to play out.  However, this week I believe that we will see price move back up to supply zone at $1.0053 up to 1.0107 before continuing to the downside.  So for the short term I’m looking for yet another lower high and lower low on this market.

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