15.07.26 Daily Forecast

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15.07.26 Daily ForecastAustralian Dollar vs. US DollarFX:AUDUSDJordanWillsonPairs on Watch - AUDUSD : This pair is still sat in a prime area for the long and short, with the previous lows being retested but no immediate reaction from price. I am using the potential base for the bull flag as my invalidation to buys and the sells to potentially come in. If the base if impulsively broken, I will look for sells underneath, if not and price uses this to build a bull flag, I will drop to the 15M and look for a risk entry long. DXY also being monitored with this. USDCAD : The original longs we were looking at the start of the week have now dropped through the base impulsively, which could be opening the door up for the sells now. We will get a clear message from the market as to whether this is actually a continuation for the short or part of a pullback on the higher timeframe. A 1H deliberate structure here is more than enough to look to sell and manage into the next area, a nice range for a 3:1 here.