The Aussie Canadian Dollar plus others.

Hello all,

Hope you have had a great time so far and are getting ready for the New Year.

In case anyone does visit the blogs over this festive period I thought I would post a quick note regarding the AUDCAD and some others for you to take a look at.

Price action has recently tagged the V.I. as can be seen from the image below, and has since had a slight bounce which looks at present like a bearish flag and the GetStochastics is showing a FB to the downside, and the short term trend is down. This could be traded according to your rules should the correct trigger occur or should it decide to head northward then the short term trend should be resumed before considering the long trade.

The CAD is also looking good for a possible short using DD, whilst the CADJPY maybe good for a long but resistance is nearby.The EUR could be producing a flag, and the same goes for the EURCAD but this is at significant support in the form of a RN.

There are other pairs to look at but this is something to be going on with.

As always please ensure to do your own analysis before taking any trades and remember that the markets are not funtioning normally at present due to the holiday period.

Have a great New Year.

Charts courtesy of AdvancedGet.

Enjoy yourselves.

Clayton Farnworth.