Comdoll Trading Kit (December 16-20, 2013): Market Preview

With the FOMC blockbuster coming up this week, y’all better mark these inflection points for potential reversals or breakout situations!

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.8960 1.0595 0.8270
Previous Week High (PWH) 0.9168 1.0671 0.8336
Previous Week Low (PWL) 0.8909 1.0560 0.8186
Top Weekly ATR (tWATR) 0.9060 1.0653 0.8365
Bottom Weekly ATR (bWATR) 0.8861 1.0538 0.8175
Other significant levels 0.8900, 0.9000 1.0650, 1.0550 0.8300, 0.8000

In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies.
Happy time

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4 comments

  1. mad4fx

    AUDUSD – for the long term, I’d keep my sights on this pair to continue a downtrend to .6300 – .6500. The RBA has made it clear that they want the Aussie down, which would make exports more competitive. Happy Trading!

    Reply
    • Happy Pip Post author

      Thanks for sharing your thoughts! If it is indeed the “Year of the Dollar” this 2014 and the RBA keeps jawboning, AUD/USD has a strong chance at plummeting. Still waiting for a strong break below the .8900 support area though…

      Reply

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