January 11 2022

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USDCAD Broke support at 1.2700/1.2690 post NFP and slightly exceeded our downside target of 1.2620

The recovery from yesterdays lows, should see the US Dollar stall at 1.2690/1.2700 resistance, and then dip towards 1.2640 and 1.2610 in extension.

However, a break above 1.2700 would target 1.2740.


The AUD made a decent recovery from 0.7140 but is struggling to overcome resistance at 0.7200. If it can break the resistance, you will get a run at 0.7240.

Failure to clear 0.7200 resistance will allow for a drop back to the support level of 0.7140 and possibly 0.7100 in extension.


The Kiwi is going nowhere fast. While 0.6800 continues to keep a lid on proceeding the downside risk remains for a break of 0.6740/30 support and open up a test below 0.6700

If we do make it above 0.6800, there will be another run at 0.6860 resistance.

Contact us at for more information on how to trade Forex, Metals, Crypto and other Financial Markets with 8DC FX.

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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