TGIF Traders,
It’s Friday again and the weekend is about to hit us all.
Before it does, let’s see what setups we should be checking…
1. AUD/USD
This is a follow up to our Wednesday analysis on the AUD/USD.
On the 4 hour chart, we can see that price has broken out of an ascending trendline, to further authenticate the continuous weakening of the Australian dollar.
If the 2 pm candlestick closes this way, we may most likely see price pushed down to the next possible support level (0.69105) by the sellers.
2. USD/CHF
The USD/CHF has continued its strong Bullish move after breaking out from resistance level 0.98714.
Our focus will be on how price treats resistance level 0.99072.
A breakout will encourage price to hit the next possible resistance level (0.99468) and a reversal should send price to a previous support level (0.98714)
Alright, ladies and gentlemen, that’s all we have for the week, join us again on Sunday for our weekly analysis.
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Do have a great weekend.
