Some pairs of interest today as I introduce a new F4N tool for members of the course, the currency strength tool. I break down how this tool can be used to optimise and prioritise the pairs you trade.
EURCAD GBPAUD are both ranging and are showing potentials for reversals – EURCAD is a bit messier though so prioritise the GBP pair.
GBPUSD is approaching resistance so hopefully we can see price break last week’s highs. NZDUSD is already at resistance and we could see a potential short form here over the next 24 hours so keep an eye on this one.
Lastly, EURNZD is at support and I go over this pair in a lot of detail as there are quite a few different factors that make this trade risky.
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