Wednesday 23rd (UTC+10) As can clearly be seen with the currency traces placed over the matrix the markets are in a bit of Flux… floating with no real directions over the last few periods.
AUD has continued to weaken over the last 3 periods allowing opportunities to trade against the AUD
ie: AUDCAD, AUDJPY, etc… The USD, CAD have strengthened slightly, displaying opportunities to trade only the against very weak.
Majors to weaken against the JPY are the EUR, GBP, NZD, CHF… with small declining percentages
What is highlighted is that the USD has changed very little in strength over the past few days… it’s mostly been elevated by the other Majors weakening around it… It has been quite a while since the JPY and USD have been at the head of the line…
Predominately a weakening sentiment with opportunities for the following 24 hours…
AUDUSD, GBPUSD, EURUSD, EURCAD (Short) and USDCHF (Long)
Edit: I was late in posting so this information was available 7 hours ago… In future I will post an hour after the New York open as the Asian session is practically comatose trading the last few weeks.