Good evening traders,
It was another great trading day for us today in the market, if you used the analysis we dropped yesterday on GBP/USD and USD/JPY , I am sure you must have gotten some pips for yourself.
Without wasting anymore time, let’s hit the market for Thursday’s analysis
1. USD/CAD
USD has been bearish for the better part of today, presently on the 4 hours chart of the USD/CAD, price is on a key support level. I am expecting a breakout from the support level which may most likely send price to the next support level at 1.28986.
2. USD/CHF
The USD/CHF has so many similarities when compared to the USD/CAD.
A breakout of this support level (0.96964) will see this pair on another bearish run which will most likely send this pair below level 0.96586.
I hope our analysis helps in your tomorrow’s decisions when trading
