Partner Center Find a Broker

It’s Friyay, y’all!

If you’re planning on ending the week on a strong note, then you’ll definitely want to see what’s up on USD/JPY and AUD/NZD‘s charts.

Get ’em while they’re hot!

USD/JPY: 1-hour

USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart

USD/JPY is about 25 pips away from the 103.75 zone that lines up with a support level that has been keeping the bears contained since mid-November.

Think you already missed the bus? It’s ight, the dollar still has some ways to go before hitting the 107.70 range resistance level.

Buying at current prices would still yield a decent risk ratio especially if USD/JPY pops back up to the range resistance.

If you’d rather sell the dollar against the yen, though, then you should at least wait until USD/JPY drops below its range support and then aim for a retest of the 103.25 or 103.50 inflection points.

AUD/NZD: 4-hour

AUD/NZD 4-hour Forex Chart
AUD/NZD 4-hour Forex Chart

Here’s one for the trend playas out there!

AUD/NZD is flirting with the 1.0540 zone, which is right smack at the descending channel and 100 SMA resistance on the 4-hour time frame.

Trend warriors who are betting on further Aussie weakness can short at current levels and aim for the 1.0425 previous lows.

Aussie bulls, on the other hand, can also plan trades around a potential upside breakout above the 100 and 200 SMAs.

Whichever bias you end up trading, make sure to use wide stops! Comdoll crosses usually see volatility spikes that can take out your stops if you’re not careful!