NZD/USD 4-hour: Moving down.
Maria’s positioning: Short positions below 0.7507 with targets at 0.7462 and 0.7390 in extension.
Technical reasons why: The pair is moving down inside the Ichimoku’s cloud towards the 23% Fibonacci level as the bullish trend line. A break below this line would signal further down-moves. The RSI is below the neutrality area.
Alternative Scenario: Above 0.7507 look for further upside with 0.7543 and 0.7579.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7462 | 0.7570 | 0.7579 |
| 0.7390 | 0.7543 |
USD/CHF 4-hour: Rebounding.
Maria’s positioning: Long positions above 0.9638 with targets at 0.9731 and 0.9805 in extension.
Technical reasons why: The pair is rebounding from the previous bottom at 0.9489 and testing the 23% Fibonacci level and the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 0.9638 look for further downside with 0.9489 and 0.9373.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9489 | 0.9638 | 0.9805 |
| 0.9373 | 0.9731 |
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