After the strong week the USD had, everyone is looking for a pullback to enter. Which of these five setups interests you the most.
The AUD has been falling like a rock. At some point traders have to take profit leading to a pullback. A easy point to enter would be par which is around the 38 fib level.
The USDCHF could pullback to the 50 fib level which has previously acted as a resistance turned support level. There is also the chance it only falls to the 38 fib level which had previously acted as a level of consolidation and support.
The natural place for the yen to pull back to would be former resistance at 100.00
The EUR could find a nice pullback to the 38 fib level which previously acted as a profit taking level near 1.2950
Lastly does the CAD pull back at all or break through resistance before pulling back to retest?