Daily Price Action

Price Action Setups: AUDUSD, USDJPY and CADCHF


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AUDUSD continues to trade in a very narrow range. The pair is currently range-bound between the .8885 resistance level and the .8655 support level.

With the recent downtrend still in play, I am partial to a downside break. However it’s important to remain patient and wait for a daily close outside of support or resistance before giving any consideration to a potential trade setup.

Summary: Wait for a daily close below support at .8655 or above resistance at .8885. A break to the downside could bring a move to the .840 support level. An upside break should find resistance around the .90 area.

audusd daily forex chart

USDJPY analysis

USDJPY weekly pin bar-blur

CADCHF update

cadchf daily forex chart

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