AUDUSD, USDCHF lookout 27/02/2017

audusd

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

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,

 

 

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