Today in forex trading the market signals showed AUD weakness. This drove strong price movement on several pairs. There was also some EUR strength in the market. This pushed the EUR/AUD much higher, and this pair has no nearby resistance on the larger time frames. We would consider holding on to this trade as the upside potential going forward is very good. The AUD/JPY also dropped on the AUD weakness, however the JPY pairs have mixed trend signals, so we would scale out lots or exit this sell trade. The live forex signals you see below are from The Forex Heatmap®, a real time visual map of the forex market.
Forex Signals AUD Weakness 12-11-2013