Partner Center Find a Broker

It’s all about the channels on AUD/USD, USD/CAD, and NZD/USD! Take a look at these potential trend plays, along with the market events and inflection points for the week.

Significant Forex Levels to Watch

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.7295 1.3254 0.6966
Previous Week High (PWH) 0.7357 1.3462 0.7044
Previous Week Low (PWL) 0.7165 1.3175 0.6882
Top Weekly ATR (tWATR) 0.7370 1.3353 0.7046
Bottom Weekly ATR (bWATR) 0.7220 1.3155 0.6887
Other significant levels 0.7300, 0.7200 1.3300, 1.3200 0.7000, 0.6850

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:

AUD/USD: 4-hour

AUD/USD 4-hour Forex Chart
AUD/USD 4-hour Forex Chart

USD/CAD: 4-hour

USD/CAD 4-hour Forex Chart
USD/CAD 4-hour Forex Chart

NZD/USD: 4-hour

NZD/USD 4-hour Forex Chart
NZD/USD 4-hour Forex Chart

If you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:

Forex Comdoll Calendar
Forex Comdoll Calendar

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!

Cheers,

Happy

See also: Q4 2016 Trading Performance Review

These are some of our favorite trading books, and BabyPips.com receives a small credit from any purchases through the Amazon links above to help support the free content and features of our site…enjoy!

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.