Forex Charts & Analysis
USDJPY - H4
Technical levels to watch 132.60
My focus is on trading USDJPY to the upside, so I'm interested in looking for buying opportunities around levels 132.63 and 130.5. Until I see a fundamental change, I am bullish on the dollar, and after the Bank of Japan left its ultra-low interest rates unchanged at its March meeting, I like this pair to the upside.
USDCAD - H4
Technical levels to watch 1.36690 & 1.35100
We are currently experiencing a pullback in USDCAD and I am hunting for buying opportunities at the technical levels shown on the chart above.
AUDUSD - H4
Technical levels to watch 0.6707 & 0.68320
I am watching Audusd closely for a potential move to the downside, we are currently sitting at one of the levels I am watching for shorts. New lows are possible if we get the reaction I'm looking for.
EURUSD - H4
Technical levels to watch 1.0772 & 1.0906
The European Central Bank's policy statement is due on Thursday, and policymakers are expected to raise interest rates by another 50 basis points. Still, the bloc's central bank might adopt a more dovish tone due to the ongoing risks to financial stability. Probably wont be trading this pair until after Thursday but the levels I like are noted on the chart above.
GBPUSD - H4
Technical levels to watch 1.2216
My plan on Gbpusd is to sell on pullbacks, and the levels I'm willing to try short at are 1.2216 & 1.240. Not my favourite pair to short as it seems relatively strong compared to Aud, Jpy, Cad etc.
NZDUSD - H4
Not something I've looked at in a while but defiantly has added its self to my watchlist going forward. The levels I'm willing to look for shorts are 0.626 and 0.6362.
I'm sticking to my dollar bullish stance and these are the instruments I'm willing to trade.
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