Update USDCAD:
Current Price: 1.0141 at 11:00 EDT – This pair continues to range today between 1.0170 and 1.0110. I will still watch for these levels. 1.0025 for buys and 1.0225 for sells.
Be aware that this pair has a tendency to spike through levels without warning. A good risk management plan is essential when trading this combo.
EURJPY:
Current Price 161.25 – 162.36 posted from yesterday did provide a slowdown for this pair but ultimately could not stop the fall now to the 161.10 area. We have reentered at this level to and will look to gain the 40 pip intraday target I am looking for.
USDCHF:
Sell zone for this pair will be looking for spikes above 1.0400 to 1.0425.
I will be watching FOMC on Wednesday. This data should give us some good entries as the market absorbs the information.
Dustin
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
