Forex Trading Ideas: April 5th 2016 Trading Ideas for the Forex Market

Forex Trading Ideas: April 5th 2016 Trading Ideas for the Forex Market

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EURUSD i think needs to be left to make up its mind. Cant take much from yesterday, another rejection potentially from the highs may lead to a lower Euro today. 1.1357 key level lower.

GBPUSD- Rally yesterday faded and this could now continue lower however it must go through 1.4190 with a strong close as this was the rejection zone yesterday.

USDJPY- Pinned at its lows- I like the idea of clearing stops at between 110.40-60 and then a rally

USDCAD- Rallied overnight and i think 1.33 will be hit this week. 1.32 first target pullback to 1.3125 then rally to 1.33

AUDUSD- Very bearish day yesterday and it looks like this could continue- 0.7500 is the target

NZDUSD- Flag still present and we are the lower bound and at a D so this could rally from here- im waiting for a higher 15m low and buy through the highs- AUDNZD co-uld be a good short today.

Happy Trading!

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Forex Trading Ideas: April 5th 2016 Trading Ideas for the Forex Market