USDCHF

USDCHF is trading below the daily open and marginally below the prior week's low. The price is making lower highs and lower lows on the Hourly Chart . The Price is shy of 15 pips from our U turn Zone and trading below the Support zone 1 with the high being 20 pips shy of our Resistance Zone 1. The Hourly Oscillators are bearish but weak and price is moving away from the MA, so the bulls have to be Sidelined. The patterns on the 5min chart are making lower peaks and lower valleys but it is weak. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should also be doing the same. We believe the price might stall at 10630-10585 level. Expect a quiet US session unless there is a big move from the US equities.

AUDUSD

AUDUSD is trading above the daily open and marginally above the prior week's high. The price is making higher highs and higher lows on the Hourly Chart . The Price has breached the U turn Zone marginally and trading near that level with the low being precisely at our Support Zone 1. The Hourly Oscillators are bullish and price is moving away from the MA, so the bears have to be Sidelined. The patterns on the 5min chart are making higher peaks and higher valleys but it is choppy ,weak and approaching the daily level. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should be doing the same or look to LONG near 8055-8000 level is seen with a tight Stop. Expect a quiet US session unless there is a big move from the US equities.

USDCAD

USDCAD is trading below the daily open and marginally below the prior week's low. The price is making lower highs and lower lows on the Hourly Chart . The Price has reached the U turn Zone held precisely and trading below the Support Zone 1 with the High being precisely at our Resistance Zone 1. The Hourly Oscillators are bearish but weak and price is moving away from the MA, so the bulls have to be Sidelined. The patterns on the 5min chart are in a range trading. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should look to do the same or SHORT on pull back near 11110-11175 level with a tight Stop for a quick profit. Expect a quiet US session unless there is a big move from the US equities.