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AUDCAD doing well from yesterday but a stop out on NZDCHF

NZDCHF had a fake cross and the new zealand dollar dropped through the floor and is now lying dead in the ground. It’s the blue line at the bottom of the SignalTrader Forex Trading System chart.

Anyway – AUDCAD looks really great and the robot has put a target of 1.02890 which makes sense to me but we have to break resistance @ 1.01945 but the trade will be safe by then (the stop moved inside the entry).

EUR GDP news @ 10 should be interesting, the markets are holding with bated breath to see if Draghi lowers the interest rate, if he doesn’t the markets may react badly because they think he should, if he does, the markets will react badly, however for the last two or three days the EUR has shown strength returning to fair strength at 50%.

 

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