AUDUSD & USDCAD

Chart courtesy of Advanced Get. Data provided by Esignal.

Good morning,

Sorry for no update yesterday. I am revisiting the AUDUSD pair as we have now broken the triple top resistance but it is not yet all clear for taking out long position trades. The first chart is showing a previous resistance from 1996 at 8222. If the momentum and allows this pair to continue it's trend up then expect hesistation at around 8222. If we break that with a lot of buying then further upside should be expected.

As for the USDCAD pair, if we break the 50% retracement that looks like a wave 4 then I will not be trading that until we break the 1.618 highs of February.

Have a good trading day and I will be posting Barry's email tomorrow for those who have hesitation thinking trading mechanically could be difficult.