Today in currency trading the AUD (Australian Dollar) strengthened on all pairs, causing movement in this group of pairs. The AUD/JPY moved strongly higher on JPY weakness and this pair has broken most short term resistance levels, it is now trending higher. We will continue to plan more buy entries on this pair. The EUR/AUD also dropped but this pair is inside of trading ranges on the H4 time frame so we would consider exiting this trade. The trading signals you see below are from The Forex Heatmap®, which provides currency signals for 28 pairs.
Currency Trading Signals AUD Strength 7-1-2014