TGIF traders
Let’s hit the charts:
1. USD/CHF
The bulls took charge of the market on the US dollar. Most pairs against the USD suffered a beating.
On the USD/CHF we can see a strong bullish candlestick on the 4-hour time frame break through the triangle, only to get stopped within the consolidation band
If we are lucky to get a continuous bullish momentum during the London session this Friday, then we may see price hit resistance level 0.90916.
2. NZD/USD
NZD/USD was heavily bearish today, but at the close of the London session, price took a break around a key support zone (0.71211 – 0.71023)
If the bears are well motivated, we may see the support zone break tomorrow, hereby encouraging price to hit the next possible support level (0.70043)
We should also be watchful for any reversal confirmations which means the bears are done in the market and the bulls have taken over. Meaning our possible target would be resistance level 0.71846
Note: With the heavy news on the US dollar tomorrow, I would advise if at all you are trading any pair having the USD, be out of the trade before noon.
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