Profit: $27.12 Total: $1,618.64
The dollar was pretty boring today, traders are awaiting NFP and it’s results. Can the NFP data save the dollar or will we see another continuation south. However, the two currencies that have been seeing much bull power this week was the Aussie dollar and New Zealand dollar. The AUD/USD making it’s year high and still showing no signs of weakness. The pair even went off grid and I need to make support and resistance lines for the region it’s filtering at.
Although the dollar’s movement wasn’t interesting, oil had a nice move down. I took the opportunity to trade long GBP/CAD to passively trade oil. The pair had a nice triple bottom so when oil started to move south, I triggered longs. My start was rough today but found a nice opportunity in oil. What I want to see is a spectacular data in NFP which results in a stronger dollar. Shorting the EUR/USD at this price will be juciy.
Something simple, got a nice long on the triple bounce. This support area has proven strength in even higher time frames.