Daily Price Action

Price Action Setups – NZDUSD, AUDJPY and USDCHF


Not a lot of action in the Forex market today with the banks closed for the US holiday. The rest of the week should be much more telling for the levels outlined below.

The .8520 level is still in focus for NZDUSD. So far the market is respecting this key level once again. The next level of resistance appears to come in around .8600. The next few days should tell the full story.

At this point, only a price action strategy at a key level will signal a potential trade setup.

nzdusd forex daily chart

Another key level in focus is the AUDJPY 94.50 level. If the current momentum is any indication, the market should test this level within the next couple days.

audjpy daily forex chart

USDCHF finally broke above .8920 last week. This key level should now act as support should the market test it. A bullish pin bar at this level would definitely get my attention.

We’ll have to see how the next 24 hours play out.

usdchf daily chart

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