Hello Traders,
It’s almost mid-week, and the market is bubbling with some decent setups.
Let’s check them out
1. USD/CHF
Another bearish run today on the USD/CHF
Currently, price is resting on support level 0.89238. If the bears are rugged enough and break through this support level, then price next bus stop would be 0.88651
Also, have it in mind that there could also be a reversal of price, which may take price back to resistance level 0.89869.
The key is waiting for either to occur.
2. AUD/USD
The AUD/USD spent the entire day trying to make up its mind around the 0.77302 resistance level.
If a reversal is confirmed, we may most likely see price re-visit support level 0.76648, and if we do get a breakout confirmation, the bulls may enjoy the better part of Wednesday, hence price next stop may most likely be 0.77626
3. XAU/USD (GOLD)
Gold broke a key resistance level today (1835.04), gave off a solid bullish pin-bar, before playing a bearish engulfing candlestick which I believe is a possible pull-back.
If support level 1825.02 doesn’t get broken, the bulls may most likely return to the market on Wednesday and take price back to resistance level 1863.54
What say you?
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