[B][U]USDCHF[/U][/B]
USDCHF closed @ 10870 which was above the open but within prior day’s trading range. The High was precisely at our U turn Zone and the low was within Zone 1. The Hourly Oscillators are mixed and the price is on the MA, so Cautious approach is needed. Hourly Trend is Sideways while 10820 holds and Daily Trend is also Sideways while 10585 holds, so expect the price to be choppy with an Upside bias. The patterns are pointing higher while 10820 level holds but very weak. Conservative traders should be looking to Sidelined or strictly trade only at our levels. While Aggressive traders can be Cautiously Long while 10820 level holds.
[B][U]AUDUSD[/U][/B]
AUDUSD closed @ 7795 which was below the open but was within prior day’s trading range. The Low was precisely at our U turn Zone and the High @ Zone 1. The Hourly Oscillators are mixed with a bearish bias and price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 7920 holds and Daily Trend is also Sideways while 8060 holds, so expect the price to be choppy with a downside bias but 7720 should give way for lower lows to be seen. The patterns are quite choppy and we have no suggestions until there is a break out. Conservative traders should be Sidelined until there is a breakout or strictly trade only at our levels. While Aggressive traders should also be doing the same.
[B][U]USDCAD[/U][/B]
USDCAD closed @ 11645 which was marginally above the open. The Low was precisely at our Support Zone 1 and the High was 20 pips away from Zone 1. The Hourly Oscillators are mixed and the price is just crossing below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 11545 holds and Daily Trend is also Sideways while 11425 holds, so expect the price to be choppy. The patterns are choppy but pointing higher while 11600 level holds. Conservative traders should be Sidelined or strictly trade only at our levels. While Aggressive traders look to Long Cautiously while 11600 level holds and 11680 level gives way.