[B][U]USDCHF[/U][/B]
USDCHF closed @ 10890 which was above the open but within prior day’s trading range. The High was precisely at our Resistance target 1. The Hourly Oscillators are mixed and the price is approaching the MA, so Cautious approach is needed. Hourly Trend is Sideways while 10805 holds and Daily Trend is also Sideways while 10585 holds, so expect the price to be choppy. The patterns are choppy and we have no suggestions until the breakout happens. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders should also be Sidelined until there is a breakout.
[B][U]AUDUSD[/U][/B]
AUDUSD closed @ 7935 which was well above the open. The Low was precisely at our Support Zone 1. The Hourly Oscillators are bullish but weakening and price is above the MA, so Cautious approach is needed for the bulls. Hourly Trend is Sideways while 7850 holds and Daily Trend is also Sideways while 8060 holds, so expect the price to be choppy with an upside limited. The patterns are choppy but pointing higher with an upside limited. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders should look to Short near the daily level with a tight stop.
[B][U]USDCAD[/U][/B]
USDCAD closed @ 11335 which was well below the open. The High was 9 pips shy our Resistance Zone and the price breached even our daily level. The Hourly Oscillators are bearish but over sold and the price is below the MA, so Cautious approach is needed for the bears. Hourly Trend is Sideways while 11480 holds and Daily Trend is Sideways Down while 11730 holds, so expect the price to make lower lows but the downside may be limited as the price is approaching target. The patterns are choppy and pointing lower but downside may be limited. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders should also do the same until the market turns up.