Whattup, foreign exchange pals!
Whether or not you want buying and selling greenback majors or if comdoll crosses are extra your factor, I obtained you lined with easy assist zones for USD/CHF and EUR/AUD.
Get ’em whereas they’re sizzling!
Development pullback alert!
In the event you examine your 1-hour chart, you’ll see that USD/CHF is about 50 pips away from the .9225 zone that strains up with an ascending channel assist that’s been round since late July.
Now that USD/CHF appears to be like prepared for an additional bounce, do you suppose we’ll see the greenback revisit its September highs?
Greenback bulls can begin scaling in at present ranges after which add to current positions as quickly as we see bullish momentum.
In the event you’d somewhat promote the greenback towards the franc, nonetheless, then you definately’ll need to preserve your eyes peeled for the primary indicators of breakout under the channel assist.
Watch this one carefully, errbody!
Right here’s a easy S&R play for ya!
EUR/AUD is having bother making new lows under 1.5930, which isn’t shocking because it strains up with a resistance from July and a assist degree that hasn’t been damaged since early August.
Euro followers can purchase at present ranges and goal earlier resistance zones like 1.6150 for an excellent risk ratio.
In the event you’re actually assured within the euro’s energy, although, then you may as well intention for August’s highs nearer to 1.6400.
Not feelin’ the love for the euro? Watch for a transparent break under the assist zone that we’ve recognized earlier than gunning for potential revenue targets like 1.5850 or 1.5700.