CADCHF approaches a confluence of technical resistance in the form of daily downtrend, 4 hr horizontal level, 4hr bollinger and 61.8% Fib level. With RSI and Stochastic indicators displaying the pair is overbought, we are awaiting price action confirmation.
AUDCAD has displayed bullish price action and has seen the pair pull back to approach trend line and horizontal resistance. On the 4HR time frame RSI suggests the market is overbought and a bearish Stochastic cross suggests a continuation in the trend to the downside. We are awaiting to see price action confirmation around this resistance zone before looking for...
The pair has tested daily lows and pulled back to trendline support. 4 hour RSI is below 30% and oversold and a bullish stochastic cross has been posted. We will look for price action confirmation around this support before looking for long entries