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MORE DOWNSIDE EXPECTED IN AUDUSD

The large trend in this pair is still to the downside, we have now seen a connsiderable move to the upside after this months NFP which dragged the pair to the 0.7015 area.Price is currently testing 0.7268 area and we expect a limit to the upside here.
A short trade is initiated from here 0.7257, we expect price to trade lower. A break of 0.7198 will open door for 0.7159, below here we target 0.7067.
Stop is placed just above 0.7290.
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USDCAD LONG IDEA

The usdcad is in a nice uptrend and we are buying the dips in the pair.
Earlier in the week we saw price retreated from the high of 1.34329 to retest the strong turning point 1.3279 which was broken on 19/11/2015. Another strong indication is the presence of the ascending trend line which price is currently leaning on. Here we are going long in the pair and we expect price to break the following key zones:
1.3369, 1.3432 before 1.3457 which will be the target for this trade.
A small stop loss…
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