Good day great traders,
The week is gradually coming to a close, we need to consolidate our winning trades, and if your week has not been too good, cheer up my friend, you could still make a comeback on a good Thursday.
Let’s go straight into our charts.
1. NZD/USD
NZD/USD on the 4 hours chart has resumed a bearish move after the breakout from a key support level (0.65337).
The next support level we could be seeing is 0.64435.
2. EUR/CHF
EUR/CHF on the daily time frame is on a key support level (1.13633)
After price broke out from a descending channel’s resistance level (1.14078), price formed a consolidation around price level 1.14905 – 1.14007.
Price broke out today from support level 1.14007, and its currently resting on another key support level (1.13633). There is every likelihood that the present support will bounce price back to price level 1.14543.
However, if we experience a breakout, we may most likely see price on another bearish move to its next support level (1.12404)
Do have a great day ahead
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