AUDUSD
Consolidating between the 61.8% Fibonacci level 0.763 and 50% Fib 0.773 during last week.
Immediate resistance found at 200 SMA yellow line.
This week key drivers will be the US Retail Sales followed by Australian Employment figures on 16 November.
https://www.forexfactory.com/calendar.php
Could see some upside should US data come in soft and Aussie Jobs strong. Will assess for a trade likely following the US data.
To the upside could reach the 38.2% fib 0.782 area to the downside 0.751
Click link to enlarge chart -https://www.tradingview.com/x/KT8cnuo7/
EURUSD
Has held the 1.15500 area after a few tests on that support level.
To the downside bearish if it breaks below that level.
To the upside bullish if it can take out 1.17 and particularly if it breaks the descending trendline to the upside as this would signify a bullish flag pattern confirmation.
Longer view - https://www.tradingview.com/x/AnlOERw5/
Closer view - https://www.tradingview.com/x/yPuLF0iD/
GBPUSD
Inflation data and Retail sales and also Gov Carney Speaks.
Strong rally last Friday night then sold off after hitting 50 SMA resistance.
A break either side of the yellow dotted lines likely to drive direction for 100-200 pips move.
https://www.tradingview.com/x/uCHJkn2W/
USDJPY
Tested the descending trendline but could not break through.
To the upside needs to break through that descending line.
To the downside, has already broken the ascending trendline and a break below the 113 psychological level would be a bearish sign.
https://www.tradingview.com/x/QJWVGBfN/
https://www.tradingview.com/x/kbUMJcso/
USDCAD
Canadian dollar supported by stronger Oil Prices.
Difficult trade technically nothing offered presently. Should US dollar show weakness and Oil continue to Rally a test of 1.2435 support zone is likely.
https://www.tradingview.com/x/mTyUW5HR/
NZDUSD
Favoring AUDUSD for a long trade over the kiwi should conditions come to fruition.
To the downside bearish kiwi below 68 handle.
https://www.tradingview.com/x/RrqI2bLA/
Have a great trading week! I'll be back tomorrow with some crypto charts.
cheerio
fxcrypto
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I'm a big fan of that AUD/USD chart.
Some potential for some big upside gains into the new year, especially if the RBA starts talking about a new rate rising cycle.
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