USDCHF

USDCHF closed @ 10080 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 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 10145 holds and Daily Trend is also Sideways while 10280 holds, so expect the price to be Choppy and Downside may be limited.  The  Price closed just below the Sup  Zone 1 and  the bear were strong but gave up mildly towards the close .The  Hourly trend is in a  Range trading  with a downside bias expect the bears to struggle near 10030 level , 10145-10205  are the critical  levels to watch to maintain  the bearish out look .  On the 5 min is along the Horizontal   Channel  and  the price patterns are suggesting  choppy with lower lows but the downside may be limited.

BULLS:   10045   9980          BEARS:   10160   10205   

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 @ 9375 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways Up while 9250 holds and Daily Trend is also Sideways Up while 9145 holds, so expect the price to be Choppy and Upside may be limited.  The Price closed  above the Res   Zone 1 and  the  bulls were strong but gave up mildly  towards the close .The  Hourly Trend  is in a Range Trading  but expect the bulls to test the high one more time , 9270-50   are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is choppy but along the  Up  Channel  and  the price patterns are suggesting higher provided 9315-9250 is not breached.

BULLS:   9315   9250          BEARS:   9380   9415   9455

Conservative Traders:  LONG near   9270   9250   with a tight stop with a 50 pips price target.      

Aggressive Traders :  LONG near   9310   9250   with a tight stop with a 50 pips price target.      


USDCAD

USDCAD closed @ 10480 which was BELOW the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 10580 holds and Daily Trend is Sideways Down while 10740 holds, so expect the price  to be Choppy with a Downside bias.   The  Price closed  just below the Sup  Zone 1 and  the bears gave up mildly  towards the close .The  Hourly Trend is in a  Range trading with a  downside bias and the downside may be limited , 10550-90  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the Down Channel  and  the price patterns are suggesting no clear direction in the near future.

BULLS:   10455   10410   10375       BEARS:   10510   10555   

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.