CADCHF - Price has now reached and rejected a major Daily support level of 0.73842 , I will now be looking for a break above 0.74538 a minor resistance level to consider looking for long opportunities.
Price has broken from a bearish structure and now has formed a corrective from the strong move to the upside, Looking for buys from the break of this correction.
EURAUD, We have seen a massive bullish momentum recently on this pair creating new highs that have not been achieved since September 2009. we have had two strong weekly rejections from 1.66908 which gives me an idea that we could go bearish if we do not break this level.
If we can break out of this price structure and get a strong close and retest of 1.52906 I...
My bias for DXY is bullish but I believe after last weeks strong bullish run that we could be expecting some sort of pullback , I see price retesting this trend line then breaking a key weekly level of 97.21 retesting then creating a new high, It is respecting this price structure on a higher Time frame aswell.
Bias on AUDUSD is varied dependant on which level we break through, price seems to be consolidated between 0.73384 and 0.70441, If we can break through 0.70441 my bias will be bearish with the right confluences but if we get a break from 0.73384 which is a strong weekly level we could see a reversal in this pair
Directional Bias for this pair was bullish .
Currently in a very large corrective move , price was respecting a small price structure that it had broken out of yesterday so to consider longs we need a strong break from my 4hr TL and for price to close above 0.73685 then to head to my first target of 0.74691. If we can break 0.74691 completely I see the Aussie...
