Forex traders can benefit from Australian Dollar AUD currency strength and make more pips. This was evident today on all pairs in the group, driving price movement. The GBP/AUD and EUR/AUD sold off, and the AUD/CHF rose strongly. The GBP/AUD is trending down on the larger time frames and should continue lower. The EUR/AUD is starting to trend down on the D1 time frame, and has additional potential on this time frame. So traders can continue to hold these pairs as they continue in their trends.
We will look to prepare another trading plan for selling these two pairs going forward. The currency strength signals you see below for today’s trading are from The Forex Heatmap® forex heatmap, which provides currency strength signals for 8 groups of currency pairs, including the AUD pairs and a total of 28 currency pairs. When you see consistent signals on the heatmap, a large number of pips is possible for traders in just one day of trading.
AUD Currency Strength
AUD Currency Strength Chart