Hello Traders,
Let’s hit the charts…
1. USD/CHF
The daily candlestick on the USD/CHF has broken a key support level (0.98404)
If the daily candlestick keeps this decent breakout intact before it’s, all we have to do is wait for a pull-back on the new candlestick, then a sell confirmation, keeping in mind that our next possible support level would be 0.97141.
2. NZD/USD
NZD/USD on the daily time frame has an expanding descending channel.
Still a long way from confirmation in my opinion.
How the market closes this Thursday will determine what we should be looking out for on Friday and in the week to come.
That said, we are done with our analysis for today. I apologize for not been regular with our daily analysis.
The major reason is that:
Good setups are scarce, and I don’t want to just come up with any kind of setup.
Join us again for another analysis tomorrow, and if there is none to share, we will definitely share our weekly analysis of the market on Sunday.
As always, do remain pip-full
