Pairs in Focus This Week \u2013 AUD/USD, Silver, USD/JPY, Natural

Check out this week's Pairs in Focus- Forex Forecast Trading

has broken down significantly during the week as the US dollar has been like a wrecking ball against multiple other currencies. Ultimately, this is a situation where the market looks as if it is trying to go down to the 0.66 level, and if we can break down below there, it’s possible that we could go down to the 0.65 level, possibly even the 0.64 level. On the other hand, if we turn around and rally, it’s not until we break above the 0.68 level that things will look somewhat bullish.

initially tried to rally during the week, but the 1.10 level continues to offer resistance. The 50-Week EMA underneath offers a certain amount of support as it walks along a trendline. The next week may be choppy as we try to sort out whether we will have a risk-on type of situation or a risk-off one. Either way, you will focus on short-term charts more than anything else.has been very noisy against the Canadian dollar, ending the week somewhat unchanged.

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