USDCHF

USDCHF closed @ 10260 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10340 holds and Daily Trend is also Sideways while 10030 holds, so expect the price  to be Choppy with a Downside bias.   The  Price has closed exactly at the Res  Zone 1  but bulls gave up most of the gains  towards the close. The  Hourly time  is in a Range trading  with a  downside bias ,expect the price to be choppy until the breakout ,10290-10345 are the critical levels to watch to maintain the bearish outlook. On the 5 min is  Choppy  but along the Horizontal  Channel  and the price patterns are mixed.  We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   10220   10160          BEARS:   10285   10345    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

AUDUSD

AUDUSD closed @ 9030 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8905 holds and Daily Trend is also Sideways while 9335 holds, so expect the price  to be Choppy with a Upside bias.   The Price has  closed within Zone 1 , the bulls and bears were Flat towards the close. The  Hourly is in a Range  trading with an Upside bias expect the price to be choppy until the breakout happens , the price should not trade  below 8950-8905  to maintain the bullish outlook. On the 5 min is along the gradual  Up Channel  and the patterns are mixed in the near future. We have no view until the breakout happens. FOMC rate announcement today.  

BULLS:   8970   8865          BEARS:   9075   9170    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

USDCAD

USDCAD closed @ 10660 which was BELOW the open and breached the previous day's low.  The High was 35 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 10790 holds and Daily Trend is Sideways while 10360 holds, so expect the price  to make Lower Lows.  The  Price has  closed  near  the Sup U Turn Zone 5 and  bears  holding their gains firmly till the close . The Hourly is  in a Range trading but expect the price to march lower  , the price should not trade above 10740-90  levels to maintain the bearish outlook. On the 5 min is  choppy but along the gradual  Down Channel and the price patterns suggesting lower lows. FOMC rate announcement today.

BULLS:   10545   10485          BEARS:   10695   10740   10800 

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.          

Aggressive Traders :  SHORT near   10695   10740   with a tight stop and   10610-545   price targets.