AUDUSD, USDCHF lookout 27/02/2017


AUDUSD has  been facing resistance in the price zone 0,7715-75 . This was also the previous zone that we saw the start of  strong shorting momentum from Nov 2016. On Friday we saw price being forced down breaking a trend line that has been respected since Jan 2017. We expect to see price fall to a support zone 0,7550 – 0.7490 which is also the range the current 200ema is being held.


USDCHF was rejected by a support zone 0,9960- 1,0020 which has also acted as previous resistance since Feb 2016. If price respects the ascending trend line and this support zone , we could expect price to test resistance around 1.0250 -1.0345,




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s