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