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Who’s feeling like buying and selling fiat currencies this week?
In case you are, you then’re gonna love the place EUR/USD, AUD/USD, and USD/CHF are buying and selling proper now.
Try these setups discovered on totally different time frames!

AUD/USD 4-Hour Foreign exchange Chart by TradingView
First up is a pleasant and easy setup for my trend-trading associates on the market.
AUD/USD is buying and selling on the .6900 zone, which is juust above an ascending channel assist that’s been round since mid-October.
Oh, and have I discussed that the extent was a key resistance in December and a significant assist in January?
Technical indicators at present favor extra shopping for because the 100 SMA stays above the 200 SMA whereas Stochastic is exhibiting indicators of turning greater from its “oversold” area.
A bounce from the .6900 ranges opens the pair to a return to the massive .7000 deal with close to the 100 SMA or February’s highs nearer to .7200.

EUR/USD Day by day Foreign exchange Chart by TradingView
Subsequent up, we now have EUR/USD turning decrease after getting rejected on the 1.1050 excessive at first of the month.
Are we a return to EUR/USD’s longer-term downtrend? Or is the pair about to drag again after decisively breaking above its decrease highs?
I’m eyeing the 1.0300 – 1.0400 zone for cues. The realm represents the 50% Fibonacci retracement of the final months’ value of upswing and is floor zero for the bullish SMA crossover on the every day chart.
In fact, EUR/USD nonetheless has to drop all the best way to 1.0400 for the 50% pullback to occur. If there are sufficient bulls to maintain the pair’s present greater highs, then it might retest and even surpass its 1.1000 with out dipping to main Fibonacci ranges.

USD/CHF Weekly Foreign exchange Chart by TradingView
If range-trading is extra your factor, then you need to know that USD/CHF is poppin’ up lengthy wicks across the .9200 psychological deal with.
What makes the wicks extra fascinating is that they confirmed up simply above a spread assist that’s been round since 2012.
That was again when our lady Rihanna was rocking the music charts with “Diamonds” and “The place Have You Been” and at the very least a decade earlier than her huge Tremendous Bowl gig!
Will the vary assist maintain one other time? Stochastic is favoring some shopping for because it turns up from the “oversold” territory.
Look out for a bounce from .9200, which might take USD/CHF to the .9600 mid-range ranges if not the earlier highs at parity.
In the event you consider that USD has extra room to fall earlier than seeing sustained shopping for, nevertheless, then you may also plan for an precise retest of the .9000 psychological degree earlier than putting your lengthy USD/CHF orders.
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