Hello Traders,
Let’s hit the charts:
1. USD/CHF
USD/CHF is currently resting on a key support level (0.89617)
The close of the 6 pm candlestick may give us an additional confirmation if we are to go bullish on this setup.
If we do get a bullish confirmation, price may hit resistance level 0.90000. On the other hand, we should also apply caution when handling this setup. A bearish confirmation may send price down to the next support level (0.89314)
2. NZD/USD
NZD/USD is currently bearish.
On the one-hour time frame, price has broken an ascending trendline.
What we are seeing now is a tussle between the buyers and the sellers. If the USD strengthens, we may see the further fall of NZD/USD, and our support level will most likely be 0.71586
What say you?
ATTENTION:
For those who are interested in joining our FREE trading group on Telegram, where trade ideas are discussed, which may assist your trading career while being infected by positive vibes
Smash the link: https://t.me/joinchat/FN30PxlwXbk2BcuTDdH5yg
[newsletter_form type=”minimal”
