MarketBreakdown | AUDUSD, GBPCHF, EURCHF, NZDCAD

24 Jun 2021

Hey traders,

A lot of forex majors are standing on key pivot points right now.
Here are some of them that I am carefully monitoring at the moment.

1️⃣ AUDUSD - Daily time frame 🇦🇺🇺🇸

After a strong bearish movement, the price is retracing.
Currently, the market is testing an upper boundary of a major daily resistance cluster.

I still remain bearish biased and look for an intraday confirmation to short,
however, for now, buyers are showing their willingness to push.

I will be bullish on the pair after a daily violation of 0.76 level.

An important decision is ahead!

2️⃣ GBPCHF - Daily time frame 🇬🇧🇨🇭

We finally see a breakout attempt of a major daily resistance cluster.
Now we are waiting for a daily candle close.
If we manage to break and close below the underlined area,
bullish continuation will be expected.

3️⃣ EURCHF - 3 days time frame 🇦🇺🇺🇸

The market is trading within a major falling channel.
Currently, we see a test of its resistance.

Bullish breakout will initiate a strong swing move.
Wait for a breakout and be prepared to buy.

4️⃣ NZDCAD - Daily time frame 🇳🇿🇨🇦

The price is trading in a long-term bearish trend and contracting within a falling wedge pattern.
Recently, a strong daily support cluster was reached.

The market was trading in sideways for quite a while testing a major strong daily structure support area.

It looks like we are seeing bullish accumulation signs now.
Wait for a bullish breakout of resistance of the wedge as your signal to buy.


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