AUDSGD Trade Analysis
Current Trend: Uptrend.
Support Levels: 1.0126.
Resistance Levels: 1.0348.
AUDSGD Daily Chart
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AUDSGD Trade Ideas
Price action on the AUDSGD has been rocketing higher in a strong trend in recent months.
Until this strong move higher changes or we see some momentum shift, the best play looks to be looking for long trades inline with the trend.
If price can now pullback into a value area we could start to look for new long trades from a swing low that would give us a higher probability and higher reward potential trade.
Just below where price currently sits is a key daily chart support level around 1.0126. If we can see price rotate lower into this area we could look for long trades that would be at a key daily support level and inline with the strong trend higher.
AUDSGD 4 Hour Chart
NZDCHF Trade Analysis
Current Trend: Uptrend.
Support Levels: 0.6383.
Resistance Levels: 0.6425.
NZDCHF Daily Chart
NZDCHF Trade Ideas
This pair is also in a trend higher and it is also sitting directly on top of a daily chart support level.
Whilst price has been in an overall trend higher, in more recent times we have just seen price breakout higher and through a period of sideways consolidation.
Price is now looking to test the old consolidation resistance level as a new role reversal support level.
If this level around 0.6383 can hold as a new support level it could open the way for new potential long trades and for a new leg higher inline with the trend.
NZDCHF 4 Hour Chart
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