
Weekly Currency Index Technical Analysis – 16 March
Currency Index Notes:
From last week's analysis, we had recommended to sell NZDUSD, targeting 0.72 from 0.74/0.75 levels, short GBPAUD, GBPCAD, AUDUSD, NZDCAD and to buy USDJPY. As of market close on Friday, 13th March the recommendations performed as follows:
NZDUSD: Rallied to 0.74 and dipped lower below 0.72, +2.7% Profit
GBPAUD: +1.18% Profit on Short
GBPCAD: +0.83% Profit on Short
AUDUSD: +1.04% Profit on Short
NZDCAD: -0.87% Loss on Short
USDJPY: +0.49% Profit on Long
AUDNZD: +0.61% Gain since 2nd March on Long
Continue to remain holding AUDNZD and exit half the position at 1.05 and exit towards 1.07
Continue to hold AUDUSD, NZDUSD shorts
Australian Dollar Index
The Aussie Dollar managed to reach/retrace back to the support/resistance region between 1.542...