Howdy Traders!

There will be no video this week, I’ve been on the road and unusually busy, but I’ll resume my weekly trading videos next week. This week I’m starting a new column called the “Sunday Game Plan”. This weekly post will highlight trading opportunities I see for the week ahead, and what is on my watch list. This week I’m starting off with a currency pair I’d wager a lot of you don’t watch, U.S. Dollar / Singapore Dollar or USD/SGD. The setup I’m watching is a classic double-top pattern that is testing a supply level set six weeks ago. Although the supply level doesn’t have a large base to it, the currency pair did fall 260 pips after a quick turn near the round number of $1.41. There is a slew of fundamental event risk on tap for the U.S. Dollar this week including manufacturing data, home sales, and everybody’s personal favorite non-farm payroll data. It will be interesting to see if the equity market can recover some of it’s losses this week, which may cause the flow to be negative for dollar. The risk to shorts at this supply level is obviously that U.S. Dollar may continue to appreciate, it has been slaughtering currencies left and right for the last few weeks.

AUD/USD Also in Play

I’m also interested in AUD/USD this week. I’ve written my thoughts on my FX Street blog which can be found at this link: http://blogs.fxstreet.com/dayjobtrader/

Best of luck!

Ryan