Hello Traders,
Let’s dive into our charts and see if we can make some pips in the market.
1. USD/CHF
On the USD/CHF, resistance level 0.91804 has refuse to crack under the pressure of price.
Though price has the potentials of hitting support level 0.91167, we should be wary of the news later today on the USD, because it could either fuel the bearish move or reverse all together.
2. CAD/JPY
On the CAD/JPY, the close of the CAD/JPY candlestick revealed a decent breakout of a key support level (80.623), after hours of consolidation of price.
The beauty of trading the CAD/JPY today and for the rest of the trading week would be the absence of any important news.
Price hitting the next possible support level (80.033) is more likely to happen.
What say you?
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