USD/CHF 4-hour: Keep moderate uptrend.
Invest Diva positioning: Long positions above 0.9501 with targets at 0.9767 and 1.0197 in extension.
Technical reasons why: The pair continues to move up moderately above the Ichimoku’s cloud. The RSI is also moving above the neutrality area.
Alternative Scenario: Below 0.9501 look for further downside with 0.9286 and 0.9070.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9286 | 0.9501 | 1.0197 |
| 0.9070 | 0.9767 |
AUD/USD 4-hour: Teasing the lower boundary of the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is moving inside the Ichimoku’s cloud below the pivot level at 0.7790 with the RSI below the neutrality area. A break below the Ichimoku’s cloud would signal a further down-moves.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7648 | 0.7790 | 0.7048 |
| 0.7457 | 0.7877 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
