Hello Traders,
Let’s hit the charts…
1. USD/CHF
We can see an ascending channel on the 4 hours time frame of the USD/CHF.
We may witness a bearish move of price as we move into Wednesday and if that happens, there is a possibility that our next possible support level would be 0.99302.
I am not a big fan of counter trading, so I most likely will pass on this trade.
2. NZD/JPY
NZD/JPY has finally broken a key resistance level (69.877) on the daily chart.
Let’s see how the daily candlestick closes by 11 pm. If we still get a good bullish candlestick, we could buy this pair and our next possible resistance level would be 71.368.
That’s all we have for today folks, join us again tomorrow for more analysis.
Do have a great day ahead and as always…
Remain pip-full
