Weekly Forex Price Action Setups & Key Levels | Jul 19-24

NOTE: The Singapore Trading Seminar was a massive success and we are already planning our next seminar in Europe expecting double the attendance, so stay tuned for more details.

But make sure to check out some of the pics from the event with traders from ~10 countries on my facebook page here coming for this weekend event.

AUDUSD – Bearish Below 7575 on ST/MT Basis (daily chart)
After breaking down from the 7700 level like we suggested back in late June, the Aussie has been consistently under pressure, taking out the 74 handle in the process.

7575 was such an important key support level that we haven’t seen prices below this since 2009, so the risk is to the downside

... Keep reading