We are long on AUDusd this morning . WE are hoping that it will break 50% fibo level in 1hr T.F and proceed to the North for 20pips.The Forex Mechanics thinks it will long for the rest of the day. We take profit at 0.87973 Price is now 0.87757.
The CADjpy is still in the north but CAD is showing sign of weekness. This means there will be temporary retracement which is already happening in 1hr T.F but this is not going to last for too long. But might form Doji on Daily for today only. We hope it will go back to the North. Why ? Because of the Hammer on weekly T.F. But for today please be careful. Just be on the save side.
See you soon.
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