Today after the non-farm payrolls news, the Canadian Dollar CAD strengthened on all pairs. The CAD/JPY continued upward in it’s current D1 time frame uptrend and has no resistance nearby, we would continue to hold this pair. The CAD/CHF broke through some resistance, the next resistance area on this pair is around 0.8500, we would scale out lots as it trends higher and approaches this next resistance point.
The AUD/CAD also had a very strong downward movement based on the CAD strength. The indicator you see below is The Forex Heatmap® forex heatmap, which provides forex traders with easy to read buy and sell signals in real time. The heatmap works well after any forex news driver like non-farm payrolls NFP, to help traders detect more accurate forex trade entry points. Non-farm payrolls can generate strong movement on many currencies, not just the US Dollar. It is not unusual for another currency group besides the US Dollar pairs to move after the non-farm payrolls news drivers.