Daily Currency Strength and Weakness Analysis

AUD is the strongest currency, continuing its strong bullish trend.
USD is the 2nd strongest currency, showing some strength again after 2 days of weakness.
CAD is the 3rd strongest currency, strengthening again.

GBP is the weakest currency, showing more strength.
CHF is the 2nd weakest currency, weakening even more.
EUR is the 3rd weakest currency, edging down to more weakness.
JPY is the 4th weakest currency, continuing weakness.
NZD is the 5th weakest currency, losing more strength.

Ideal currency pairs seem to be:

AUDJPY (Long), EURAUD (Short), AUDCHF (Long) and AUDNZD

Traders note: AUD is still performing well and we hope it will continue. Remember that the more pairs you trade including the AUD increases your risk so choose the 2 strongest trending pairs to trade. This will balance your risk a lot better.

Happy Trading!!

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