USDCHF Trade Analysis
Current Trend: Downtrend.
Support Levels: 0.8892.
Resistance Levels: 0.8997.
USDCHF Daily Chart
USDCHF Trade Ideas
Price on this pair has now smashed lower and through the recent swing low and daily chart support level.
This support level has been a key level for this pair holding strongly in recent months.
Now price has moved below it, it could look to become a role reversal level and a new resistance.
If we can see price move back higher and into this level around 0.8997, then we can start looking for new short trades.
Short trades at this level would be inline with the recent strong momentum lower and at this proven key level.
USDCHF 4 Hour Chart
AUDNZD Trade Analysis
Current Trend: Downtrend.
Support Levels: 1.0456.
Resistance Levels: 1.0562.
AUDNZD Daily Chart
AUDNZD Trade Ideas
In recent months this pair has been in a clear-cut trend lower.
As the attached daily chart shows, price has been making a series of lower highs and lower lows.
Price is now testing the daily chart resistance. This looks important for where price makes it’s next serious move in this pair.
If we can see this resistance hold, then we can look for new short trades and for the trend lower to continue and for new lower lows.
A break higher and we could then expect a period of ranging and sideways price action as price moves back into a bunch of resistance levels.
AUDNZD 4 Hour Chart
