Today in currency trading the AUD (Australian Dollar) strength drove strong price movement and profit opportunities for forex traders.
The AUD/USD and AUD/CAD moved up strong after the Asian session interest rate news from Australia. These movements continued overnight and into the main session. These movements were strong but the longer term trends on these two pairs are still pointing down. So we scale out lots and take some profit. The currency strength indicator you see below is The Forex Heatmap®, which is an excellent visual map of the forex market that provides live buy and sell signals for 8 major currency groups, including the AUD pairs. The heatmap also has a real time push alert system to notify traders of consistent movements across 8 currencies and 28 pairs total.
Currency Strength Indicator AUD Strength
Currency Strength Indicator AUD Strength AUD/CAD Chart