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The Aussie and Kiwi could be in for a lot of action this week since the RBA and RBNZ will be announcing their monetary policy statement. Check out these potential setups and inflection points!

Significant Forex Levels to Watch

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.7554 1.3139 0.7270
Previous Week High (PWH) 0.7609 1.3335 0.7313
Previous Week Low (PWL) 0.7511 1.3053 0.7163
Top Weekly ATR (tWATR) 0.7627 1.3255 0.7347
Bottom Weekly ATR (bWATR) 0.7481 1.3024 0.7193
Other significant levels 0.7600, 0.7500 1.3300, 1.3050 0.7300, 0.7200

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: Daily

AUD/USD Daily Forex Chart
AUD/USD Daily Forex Chart

USD/CAD: 1-hour

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Forex Chart

NZD/USD: 1-hour

NZD/USD 1-hour Forex Chart
NZD/USD 1-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

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.