Forex Analysis Video with Future Predictions AUDCHF and AUDUSD Week March 20th
We will be looking at a couple of the AUD markets this week for the weekly forecast. I personally like the AUD because it moves quite a bit. I like markets that move and are not slow or rangebound a lot
On the AUDUSD this week, we are seeing price retest the highs of .7700. If you recall from last week we are looking for price to continue down to .7200 however in the last couple of days a crazy pop happened and we find ourselves back in weekly supply zone. So now we have to consider if the short here will work or not, but price action confirmation is necessary as always.. I believe it still will work. So we will wait and see this coming week.
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On AUDCHF, I am looking for price to continue it’s rally to the upside. We have seen a nice bounce off .7600 and I’m looking for price to retest the daily supply at .7753-.7807. Given the trend I think we will see price continue to break new highs. This all is from a purely technical aspect. There is also a possible counter Trend trade that we could take at that daily supply but price I believe will retest the newly formed daily demand zone at .7622 before pushing into the highs. Bottom line we have see new highs and are in a uptrend Demand and stair stepping demand seems to be holding on the big daily/ weekly pictures so I’m looking at nothing but the long setup.
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