Video: AUD/NZD Finally Reaches Entry & Watch These Levels on CAD Pairs Now

Mid-Week Technical Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

As anticipated at the beginning of the week, patience was all that was required to allow the market to show its hand.

Hopefully you as a trader are able to hold a poker face…

NZD Makes a Move

NZD remains the focus of the week with the Rate announcement that has now been released, and currently we have the move we’ve waited a few weeks for on AUD/NZD. Market has given a lower price and we wait for the turnaround. From here, the choice is yours whether to look at an immediate entry or the ‘safer’ scenario of allowing the market to make its turnaround and get in on the continuation.

Stalking the CAD Pairs

CAD also features prominently on this week’s calendar, so our two CAD pairs are developing:

  • EUR/CAD – still in the retracement phase, waiting for the bullish bias to resume
  • AUD/CAD – currently in an unclear range; we have the better price much lower (similar to the AUD/NZD scenario actually), but let’s also consider the possibility of it breaking higher, in which case we remain adaptable and trade at the pullback after higher prices, not chasing the market.

Rest of the Charts

As for the others, more waiting is required before decisions can be made. Let the markets develop and break their poker face, before you do. Watch the video for specific levels to keep an eye on.

In this video we go over these opportunities for the week:


Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

Image by pvproductions on Freepik

(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the risk that goes with it.)

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Fidelcrest video review

Play Video

Related Articles


Video: Here’s the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow

Here's the Trade Plan for EUR Pairs, as ECB Interest Rate is...


Video: Watch These Setups on CAD and JPY Pairs, with Big News Incoming

Watch These Setups on CAD and JPY Pairs, with Big News Incoming


Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)

How To Squeeze More Profits from ONE Trade Setup (Plus: This Week's...


Video: Watch for These Breakouts on Minor Pairs & Dollar Direction Imminent

Watch for These Moves on Minor Pairs & Dollar Direction Imminent

Featured educational content


Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

Global Stock Markets
Market News

A Closer Look at Trends in Global Stock Markets

Global indices like Nikkei 225, FTSE 100, and DAX 40 hit record highs but may consolidate amid economic uncertainties.

Surging Markets Week of Record Highs
Market News

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Last week's record highs in US stock markets driven by tech and AI stocks set a positive tone for investors.

Copyright © 2023 Forex Prop News. All Rights Reserved.