In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 28th session.
USD/JPY — The market tested the 107.00 level for support on Monday session. If a
AUD/USD — The Aussie broke to the upside on Monday session and is testing this fresh new high for resistance. There is a wall of resistance starting from the 0.6500 level towards 0.6600. The Aussie is linked with the Chinese economy. However, there is no demand for the Chinese products at the moment. It looks like this rally could come to an end. So, look for signs of weakness, and short this pair again.
© Prabhu for Forex Videos, 2020. |
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