Today in forex trading the the AUD (Australian Dollar) was weak on all pairs. This weakness started after the CPI news drivers were announced. Many of the AUD pairs had strong movements, however due to the amount of AUD strength in the overall market trends we suggest profit taking. At some point we would expect these pairs to reverse, so we consider the movements today to be short term. Pairs like the AUD/CHF and EUR/AUD may continue moving one more day before stalling at support and resistance, respectively. The live trading signals you see below are from The Forex Heatmap®.
Forex Signals AUD Weakness 4-22-2014