During the day on Wednesday, we get a handful of announcements from around the world that are very massive. We get the crude oil numbers, the FOMC announcement, employment numbers coming out of the United Kingdom, and several other announcements coming out of America.
USD/CAD
The USD/CAD pair rose during the course of the day on Tuesday, and as a result it looks as if we are going to make a serious attempt to break out to the upside. If we can get above the 1.34 level, we feel that the call buyers will continue to push this market towards the 1.36 level.
DAX still looking to break 10,000
The DAX pull back slightly during the course of the session on Tuesday, but now it has become obvious that we need to break above the €10,000 level in order to serve buying calls. Once we get that move, we have no issues whatsoever in taking that trade.
EUR/JPY looking for support
The EUR/JPY pair fell during the day on Tuesday, but we believe that the 125 level could be supportive. Because of this, we are looking for some type of supportive candle or bounce in order to serve buying calls as it was such a significant form of resistance previously.
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