AUDUSD, NZDUSD, USDCAD And... - Video Analysis By DayTradeIdeas - 11/04/2022

AUDUSD, NZDUSD, USDCAD And... - Video Analysis By DayTradeIdeas - 11/04/2022

AUDUSD broke first support at 7540/20 for a sell signal targeting 7455/45 & probably as far as strong support at 7400/7390. Longs need stops below 7370. Sell at 7190/7510. Shorts need stops above 7520.

NZDUSD breaks support at 6920/10 to target support at 6850/40, perhaps as far as strong support at 6790/80. Longs need stops below 6760. Sell at 6910/30. Shorts need stops above 6945.

EURUSD continues lower as expected breaking support at 1.0960/50 for a sell signal targeting important 5 year trend line support at 1.0850/20. A low for the day exactly here on Friday to form a potential double bottom buy signal. Longs need stops below 1.0780. Longs at 1.0850/20 target 1.0900 then 1.0930/40. Minor resistance at 1.0960/80 for profit taking perhaps but shorts are too risky now.

USDCAD made a high for the week at my sell opportunity at 1.2590/1.2610. Shorts need stops above 1.2625. A break higher however targets strong resistance at 1.2650/70. Shorts need stops above 1.2680. Our shorts at 1.2590/1.2610 target 1.2525/05, perhaps as far as 1.2480/70. We have another buying opportunity at 1.2440/10. Longs need stops below 1.2370. A break lower is an important medium term sell signal.

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Jason Sen

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