Good day traders,
The week is coming to an end, can we still do some damages in the market before we call it a wrap?
Well, let’s see what the charts have for us…
1. NZD/USD
NZD/USD was fully dissected on our weekly review, if you missed it, you can check here
So far, this pair has been going according to plan as we analysed. The reason for another analysis on this bad boy, is to notify you that on the 4 hours chart, another key resistance level (0.67803) has been shattered, more so an ascending pennant’s resistance level (0.67909) is also compromised
This may very well mark another bullish run to the next possible resistance level (0.68696)
2. USD/CHF
USD/CHF is a pretty straight forward setup.
An ascending support line is the superman of the daily chart. Price keeps on bouncing off upon its contact. Presently support level 0.97233 will be tested by price.
If a breakout occurs, we should see the bears taking price further down to support level 0.95420 and if we experience a reversal, resistance level 1.00375 should be the next target the bulls will be heading to.
With that, its a wrap for the day.
Comment, let me know what you think, share if you have pip hunting friends and subscribe if you love killing pips.
Do have a great day ahead.
