Consolidating Thursday presents us with USD/CHF, AUD/USD, EUR/CHF & CHF/JPY

Hello traders,

let’s hit them charts:

 

1. USD/CHF

Higher highs can be seen on the USD/CHF.

A break above the key resistance zone means price may head north for another 40 pips to the next possible resistance level (1.00938)

 

 

2. AUD/USD

AUD/USD is still bearish. The bulls have also found it difficult breaking free from the second consolidation zone.

If we do get a bearish engulfing candlestick at the close of the daily candlestick, there is a huge possibility that price may revisit support level 0.61825

 

 

3. EUR/CHF

Higher highs can be spotted on the EUR/CHF, and the key resistance zone is currently shaky. If the buyers succeed in breaking the key resistance zone, then 0.99444 will be price next possible resistance level

 

 

4. CHF/JPY

A triple top can be spotted on the CHF/JPY.

Price may consolidate within the consolidation band before revisiting resistance level 150.256 or break the ascending trendline serving as a support level to visit the next possible support zone.

 

What say you?

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