AUD To USD, EURUSD, USDCAD - Daily analysis by DayTradeIdeas - 05/04/2022

AUDUSD holding first support at 7540/20 keeps us in a 2 month bull trend initially targeting 7630/40.

Longs at 7540/20 stop below 7500. Just be aware that there is minor support at 7460/50 - a break below 7435 is a sell signal.

EURUSD continues lower as expected to test support at 1.0960/50. A break lower is a sell signal targeting important 5 year trend line support at 1.0850/20. Longs need stops below 1.0780.

Very minor resistance at 1.1000/10 - shorts need stops above 1.1030. Strong resistance at 1.1140/60. Shorts need stops above 1.1185 today!! A break higher is a buy signal targeting very strong resistance at 1.1230/50. Shorts need stops above 1.1270.

USDCAD may be about to test the 500 week moving average at 1.2440/10. Should be worth trying longs with stop below 1.2370.

First resistance again at 1.2530/50. Shorts need stops above 1.2565. A break higher targets a sell opportunity at 1.2600/20. Shorts need stops above 1.2640.

Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk