Today in forex trading several currencies had strong movements. The JPY was weak on all pairs. The AUD/JPY and NZD/JPY both moved up strong. Both pairs might be reversing back up so if you scale out lots hold some lots also as the reversals might extend to the D1 time frame. Gold was also strong today, XAU/USD moved higher and it looks like it is breaking out of the cluster on the on the H4 time frame. The AUD was also strong today across the board. The AUD/USD moved higher and the EUR/AUD dropped. In both cases the movements were strong but we see no trends forming and both pairs are inside of layers of support or resistance.
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