USDCHF
USDCHF closed @ 10385 which was BELOW the open and was within prior day’s trading range. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 10465 holds and Daily Trend is Down while 10630 holds, so expect the price to be Choppy until the breakout happens. The Price is trading Below the Monthly, Weekly open and closed exactly at the Sup Zone 1. The Price on the Hourly time is within Range Trading expect the price to be Choppy with the downside may be limited , on the 5 min is Choppy and the bears are gaining strength during Asian session but 10335 should give way to see further weakness. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should do the same until there is a clear signal.
AUDUSD
AUDUSD closed @ 8645 which was ABOVE the open and was within prior day’s trading range. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 20 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways Up while 8540 holds and Daily Trend is also Sideways Up while 8400 holds, so expect the price to be Choppy with a Upside bias. The Price is trading Above Monthly, Weekly open and closed within Zone 1. The Price on the Hourly is in a Range Trading with an Upside bias, on the 5 min is Choppy but the bulls are gaining strength during Asian session. The price should not trade below 8565-40 level to maintain the bullish outlook. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels.Aggressive traders should look to do the same or Cautiously LONG on the break of 8665 with 8740-60 as potential price targets.
USDCAD
USDCAD closed @ 10775 which was UNCHANGED from the open and was within prior day’s trading range. The High was 25 pips from Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 10 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 10835 holds and Daily Trend is also Sideways while 11045 holds, so expect the price to be Choppy until the breakout happens. The Price is trading Below Monthly,Weekly open and closed within Zone 1.The Price on the Hourly is creeping lower and expect the price to test the previous low of 10670, on the 5 min is Choppy but the bears are gaining strength during Asian session. The price should not trade above 10805-35 level to maintain the bearish outlook. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should look do the same or Cautiously SHORT near 10805-10835 level with 10725-10670 as potential price targets.
