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
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.