USDCHF

USDCHF closed @ 9780 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 3.
The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9905 holds and Daily Trend is Sideways Up while 9680 holds, so expect the Price to be Choppy with a potential to Break Lower.

The Daily Closed well below the Open and near the Low as expected and we believe that the Bears are in control now. The Patterns are suggesting lower lows are expected towards 9650-05 mark. The Hourly looks like it has topped and the Bears must protect the 9810-35 levels at all times to support the Bearish view. The 15min is suggesting that the upside may be limited to 9810-35 levels. The Opening Price Principle suggests that the Bears are in control and 9850-75 may be protected, so sell on rally is needed, so trade with the PT strategy when the Price breaks out of Zone 2 levels .

BULLS: 9740 9660 9600 BEARS: 9825 9880 9945

Today’s Strategies: SHORT near 9810 9830 with a tight stop with a 50-80 pips price target.

AUDUSD

AUDUSD closed @ 10395 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 5 pips from Precise Trader’s Sup Zone 1.
Trend The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10270 holds and Daily Trend is Limited Up while 10100 holds, so expect the Price to be Choppy with a potential to Break Higher.

The Daily Closed well above the Open but mildly below the high and we believe that the Bulls are back in control now. The Patterns are suggesting that higher highs are expected but the Bulls need to crack the 10445 level. The Hourly looks like the Bulls have lot of strength and must protect the 10345/10280 levels at all times. The 15min is suggesting that we get a pullback towards 10350-15 levels. The Opening Price Principle suggests that the Bulls are in control and 10375-40 may be protected, so buy on dips is needed, so trade with the PT strategy when the Price breaks out of Zone 2 levels .

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