T4X Currency Outlook

GBPUSD: Sideways 

T4X Outlook: Long positions above 1.6367 with targets @ 1.6414 & 1.644 in extension.
T4X: Substitute Outlook: Below 1.6342 look for further downside with 1.6292 & 1.6266 as targets.

T4X Opinion: the pair stands above its support as the RSI is supported by a rising trend line.


Audusd

T4X Outlook: Long positions above 0.9086  targets @ 0.9115 & 0.91.32 in extension.
T4X: Substitute Outlook: Below 0.9068  look for further downside with 0.9004 & 0.8980 as targets.

T4X Opinion: the pair stands below its weekly pivot @ 0.6086 RSI is  weak below 50 

USDCAD 4HR  

CA CAD Housing Starts s.a (YoY) (Nov) 2 192.2K 194.5K 198.2K

1HRLY 

         

                           AUDJPY


                                         Our preference: Long positions above 93.27 with targets @ 94.51 & 94.75 in extension.

                                          Alternative scenario: Below 93.27 look for further downside with 92.39 & 90.6 as targets.

                                          Comment: investors have to remain cautious since these levels may trigger profit taking.