What Charts Are We Watching?
AUDUSD and GBPUSD are our hottest charts today! Find out why.
AUDUSD
1D Chart
AUDUSD is holding support at the 0.7455, but continues to be ranging. We are looking for the range topside to break.
1H Chart
Price is still holding the inner trendline support, but has rejected range resistance and is now moving to the downside. We want to see this range broken prior to entering new trades.
EURUSD
1D Chart
EURUSD has broken out of the range pattern to the downside, giving us a downside bias for todays trading. The RSI is holding below 50%, also pointing to the downside.
1H Chart
Price has done a break and retest pattern on the 1h chart, and we are looking for price to make a continued push into the 61.8% fibonacci extension level, which correlates with support.
GBPUSD
1H Chart
Our GBPUSD outlook remains the same, and price has made a bounce from the support zone. We continue to look for upside into the 1.3900 level.
USDCHF
1H Chart
Price has bounced from the fibonacci extension support we outlined yesterday. We anticipate a pullback further into the resistance trendline and the previous structure.
XAUUSD
1D Chart
Price has continued bullish as we expected yesterday. We are still looking for price to continue into the resistance around 1830.
1H Chart
Price has pushed into previous highs, and we anticipate this to continue.
