Midday Forex price action Analysis – 2016-09-06 (Potential setups on AUD/USD and USD/CAD)

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UPDATE 1: Well the “ISM Non-Manufacturing PMI” numbers that just got released were unexpected. Obviously the potential trades mentioned in this analysis are cancelled without being triggered. However, this new move may have given us some new opportunities. Keep an eye out here for updates.

In today’s analysis I spot two potential setups, a AUD/USD 6/8 hr short, and a USD/CAD daily chart long.

I also discuss trading through news releases, and how I might handle NFP next month.

Check out the video for full info.

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