AUD/USD 4-hour: Pulling back below the Ichimoku’s cloud.
Maria’s positioning: Short positions below 0.7670 with targets at 0.7552 and 0.7498 in extension.
Technical reasons why: The pair faces pull-back after rebounding from the key level at 0.7552 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 0.7670 look for further upside with 0.7792 and 0.7912.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7552 | 0.7670 | 0.7792 |
| 0.7498 | 0.7912 |
USD/CHF 4-hour: Rebounding from the previous bottom level.
Maria’s positioning: Long positions above 0.9489 with targets at 0.9597 and 0.9731 in extension.
Technical reasons why: After breaking below the Ichimoku’s cloud and reaching the previous bottom at 0.9489, the pair is rebounding from the level, which would expect temporary up-moves. The RSI is rebounding from the over-sold zone.
Alternative Scenario: Below 0.9489 look for further downside with 0.9373 and 0.9255.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9373 | 0.9489 | 0.9731 |
| 0.9255 | 0.9597 |
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