Forex strategies revealed | FSR Forum

Today in forex trading the AUD and NZD were weak, and the JPY was strong. This created lots of strong movements. The AUD/JPY dropped and the D1 downtrend could be forming with a lot more potential down to the 97.50 area or slightly lower. The NZD/JPY dropped and is near a big support level for a possible exit. The EUR/AUD and GBP/AUD both moved up and have much more upside potential on the D1 time frames. The EUR/NZD moved up strong and could be breaking out on the higher time frames like the W1 and MN time frames. The GBP/NZD also made a strong move up and is has more upside potential to the 2.3500 area on the D1 time frame.

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