Here Are The Hottest Forex Charts Prior To Christmas
AUD/USD
1D Chart
Price has found resistance at previous structure and we're looking for downside from current price. The RSI has also found resistance at the key 50 level. We're looking for downside to continue below the 0.700 figure.
1H Chart
Price has broken to the downside of the support trendline after bouncing from resistance. We're looking for price to drop to the 0.700 level at the 61.8% extension.
GBP/USD
1D Chart
Price is pressing to the downside , however is yet to break the support at 1.3200. The RSI is showing downside levels are holding, however there is bullish divergence on the RSI.
1H Chart
Price is at support right now and we're looking for either a bounce, or a break & retest pattern.
AUD/NZD
1D Chart
Price is approaching a key resistance level. Fundamentally we favour NZD strength over AUD at the moment as well, as Australia is having surging Covid19 cases and we are yet to see how the economy reacts. Additionally, the RBNZ is set to have multiple rate raises in the next 24 months, whereas the RBA is still set to not raise rates until 2024.
1H Chart
Price is in a megaphone pattern, slowly grinding to the upside. We're looking for this structure to break to the downside, and trade this pattern back to the 1.040 level.
USD/CAD
1D Chart
Price has reached a previous swing high, and we're looking to see if price rejects this level as a resistance.
