20.02.26 Daily Forecast

4 182
AUDUSD - We have the potential to look for longs on this pair with the DXY failing to break the high it is currently sat at. A simple 15M continuation will confirm the move to the upside with the possibility of the DXY selling off to the downside.

USDJPY - Price has formed a first touch and I am now looking for development within the middle section of the flag to create some depth into the second touch. If we get this, I will look for a 15M or 1H RE long up into the next value area.

NZDJPY - Price action may not look the cleanest, but reading between the lines we can see the structures being built by the market. A potential 123 structure back into the value area, insurance entry only here due to losing the impulsive leg therefore mitigating risk with a confirmed continuation.

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