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We’re taking a closer look at some comdoll crosses today!

EUR/AUD just bounced from a previous support while CAD/JPY looks ready for a pullback.

What do you think of these setups?

EUR/AUD: 1-hour

EUR/AUD 1-hour Forex Chart
EUR/AUD 1-hour Forex Chart

EUR/AUD just bounced from the 1.5575 handle, which marks the third time since late December that the pair had found support at the level.

Are we looking at a range play over here?

Euro bulls who take cues from oscillators would love that Stochastic has just left the oversold region right as EUR/AUD bounced from the previous support.

A long trade at current levels with stops just below December’s low while targeting the 1.5725 range resistance would make for a good reward-to-risk trade.

Not convinced that the euro will trade higher against the Aussie? Wait for a clear break below the 1.5575 zone, which could drag EUR/AUD all the way to the 1.5525 or even the 1.5460 previous areas of interest.

CAD/JPY: 1-hour

CAD/JPY 1-hour Forex Chart
CAD/JPY 1-hour Forex Chart

Here’s one for the trend warriors out there!

CAD/JPY has found resistance at the 91.50 minor psychological level and it looks like the bears are gaining momentum.

Loonie bulls who believe that CAD/JPY is just seeing a pullback can wait for more attractive entry levels closer to the 61.8% Fib retracement or the trend line support near the 100 simple moving average.

If you see CAD/JPY consistently trade below the trend line and moving averages, however, then you should also be ready to trade a possible short-term reversal for the pair.