Hello traders,
let’s hit the charts:
1. EUR/AUD
EUR/AUD has been ranging since last week.
Price is currently a key resistance zone which has rejected price twice already this week. If we do get a reversal confirmation, we could join sellers to push price back to support level 1.47802
If the daily candlestick breaks the key resistance zone, upon confirmation we may see price hit the next possible resistance level (1.50533)
Mind you, tomorrow by 12:45 pm we have high impact news on the Euro, so if you are taking this trade, remember to jump off before the news release
2. GBP/CHF
Price on the GBP/CHF is stuck between the key resistance zone and support level 1.22063
If price manages to break the key resistance zone, then we may see buyers take price to the next possible resistance level (1.24137)
If on the other hand, if support level 1.22063 get’s broken, then we may see price hit support level 1.21221
What say you?
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