Hello traders,
Let’s hit the charts once more.
1. AUD/CHF
Two days ago, we saw the AUD/CHF breakout through a key support level (0.64292)
Price has gradually retraced it’s steps back to resistance level 0.64292. The big question now is:
Are we going to see a reversal, which will send price back to support level 0.63745, or are we going to see price break resistance level 0.64292, which could encourage price to hit the next possible resistance level (0.64980)
2. CAD/JPY
Price on the CAD/JPY has almost returned to support level 79.460
How price reacts here would determine what we should be looking out for this Thursday.
A reversal of price may take price back to resistance level 79.903, and a breakout of support level 79.460 may encourage the sellers to drive price further down to hit support level 79.077
What say you?
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