AUDUSD, and CADJPY trading plans (12-10-2015).

 

AUSUSD trading plan.

Buy pullbacks between 0,72 and 0,725. Watch the resistances around 0,735 and 076 for possible selling signals and the resuming  of a long term bearish trend.

On the weekly chart, we see AUDUSD was in a down trend, but then the pair rejected a support around 0,69, and went up by 400 pips. It is now trading above 0,73. There is an obvious resistance level around 0,76.

AUDUSD WEEKLY CHART.

AUSDUSD_W

On the daily chart, the pair broke up a resistance area between 0,72 and 0,75. This zone is now a support, and a bearish breaking of it will end my bullish bias. I will buy signals there, paying attention to two resistances : one is around 0,735, the other around 0,76. As the long term trend is still rather bearish, I will be ready to close any long trade I may have and to sell a signal in those areas.

AUDUSD DAILY CHART.

AUDUSD_D

CADJPY trading plan.

Buy signals on a retest of a daily range resistance around 92.

On the monthly chart, the pair is rather ranging, bit it may be  rejecting a support around 90, where a fibo line and the 100 SMA are located.

CADJPY MONTHLY CHART.

CADJPY_M

On the daily, the pair was trading within a range from 89,5 to 92. It broke that range resistance, altogether with the daily 55 SMA this week. I will look to buy  any retest of that zone towards a resistance near 94.

CADJPY DAILY CHART.

CADJPY_J

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