Daily Currency Strength and Weakness Analysis

AUD is the strongest currency, continuing its upward trend.
USD is the 2nd strongest currency, showing more weakness.
CAD is the 3rd strongest currency, flat for the day.

JPY is the weakest currency, showing some more significant weakness.
EUR is the 2nd weakest currency, suddenly strengthening.
CHF is the 3rd weakest currency, also showing sudden strength.
GBP is the 4th weakest currency, continuing to strengthen.
NZD is the 5th weakest currency, back in the weak corner with its sudden show of weakness.

Ideal currency pairs seem to be:

AUDJPY (Long) and AUDNZD (Long)

Traders note: AUD is showing a lot of stability making it a bit easier to trust that it will continue, however, don’t be fooled, ANYTHING CAN HAPPEN!! So keep in the rules of your risk profile and don’t trade without a proper exit strategy to make sure you are taking as much of the profit when you do.

Happy Trading!!  

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