April 9th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell most of the week, but got a bit of a reprieve as the Non-Farm Payroll numbers came out on Friday and were weak. The 1.30 level below looks supportive, but this pair is weak - and with good reason.

The USD/CAD continues to be tight, and this range bound market continues to be the realm of scalpers. The oil markets will continue to push this pair around, and as a result there isn't much in the way of longer term trades.

AUD/USD managed a small bounce from the 50% Fibonacci level, and we think that perhaps we could see a bounce. However, there is a down sloping channel to worry about as well.

NZD/USD formed a doji - for the second week in a row. More importantly - it formed after three hammers in a row.

Published on 6th of April 2012
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