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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Oil - US Crude
Bearish
Wall Street
Mixed
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Mixed
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Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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AUDCAD: Continue to Hold Short

AUDCAD: Continue to Hold Short

Ilya Spivak, Head Strategist, APAC

I sold AUDCAD at 1.0441 on August 14 to gain exposure to relative US versus Chinese growth expectations, with the former economy expected to accelerate this year while the latter slows. I added to the position at 1.0370 on August 24 as the down move resumed after a brief rebound. Prices have now taken out support at 1.0062, the 38.2% Fibonacci expansion, and the next downside objective lines up at the 50% level (0.9998). A stop-loss will be activated on a daily close above 1.0272.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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