Dovish central bank expectations have been weighing on the commodity currencies this week. Take a look at these setups and levels if you’re trading AUD/USD, USD/CAD, and NZD/USD!
Significant Forex Levels to Watch
|Week Open (WO)||0.7611||1.3328||0.7163|
|Previous Week High (PWH)||0.7734||1.3355||0.7266|
|Previous Week Low (PWL)||0.7581||1.3006||0.7077|
|Top Weekly ATR (tWATR)||0.7686||1.3439||0.7245|
|Bottom Weekly ATR (bWATR)||0.7537||1.3217||0.7081|
|Other significant levels||0.7700, 0.7500||1.3300, 1.3200||0.7200, 0.7100|
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. Here are some of the comdoll forex setups I’m looking at this week:
If you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Don’t forget to check out our risk disclosure when taking any of these setups. Got any comdoll trade ideas you’d like to share? Post ’em right here!
See also: Q3 2016 Trading Performance Review