Hello Traders,
Let’s hit the charts…
1. GBP/CHF
On the daily chart of the GBP/CHF we can see a bearish engulfing candlestick.
It may be too early to conclude that the Bears would dominate the market tomorrow, but it’s an important candlestick to note.
If the Bears do dominate the market tomorrow, we could see price re-visit 1.25349 as the next possible support level.
2. USD/CAD
USD/CAD is still struggling with support level 1.32333.
A bearish breakout will most likely push price to support level 1.31579 and a reversal will take price back to resistance level 1.33228.
The close of the daily candlestick may reveal more to us.
That’s all we have for today ladies and gents, join us again tomorrow for another analysis of your favorite pairs.
