Hello Traders,
We have got two more weeks before we bid the month of October bye bye
So, let’s hit the charts:
1. USD/CAD
USD/CAD closed with a bearish outlook on Friday.
That said, price is currently resting on an ascending support level (1.31789), and if we are to get a confirmation of price still being bearish, then we would need a breakout of the 1.31789 support level.
Let’s not also forget that there is a slim chance of price bouncing off the current ascending trendline serving as a minor support level. If that happens, price may move up to 1.32369 as the next possible resistance level
2. USD/CHF
On the USD/CHF, after price broke through 0.91441, price got stuck between a new resistance level 0.91548 and support level 0.91253.
There is a possibility that we may see the consolidation of price linger for a while as we resume this week.
We should also watch out for a breakout of 0.91548 and 0.91253. If these breakouts occur, price next resistance and support level would be 0.91850 and 0.90873 respectively
3. AUD/USD
AUD/USD closed bearish on Friday.
We may see the bears continue their journey to support level 0.70209, once the minor support level 0.70695 is broken.
There is also a slight possibility that this week may bring a slight pull-back of price, which means resistance level 0.71385 could be hit.
4. EUR/CHF
On Thursday we saw a breakout of support level 1.07284 on the EUR/CHF pair, which closed with a pullback on Friday.
Depending on the power of the sellers this week, we may see price hitting support levels 1.06640, 1.06069, and 1.05147.
What say you?
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