USDCHF

USDCHF closed @ 10615 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10530 holds and Daily Trend is Corrective Down while 10775 holds, so expect the price  to be Choppy with a Upside bias.   The Daily  Trend  was within Prior Day's Range with  the Bulls giving up mildly towards  the close. The  Hourly Trend  has  been in a Range Trading  with no clear Direction , 10565-30  are the critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the gradual Up Channel and the Patterns are suggesting a Choppy Session  with a potential to break higher. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   10560   10500   10455       BEARS:   10645   10685   10745

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

Aggressive Traders :  LONG @ the Break      10645   with a tight stop with a 50 pips price target.      

AUDUSD

AUDUSD closed @ 9155 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 15 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 9235 holds and Daily Trend is also Sideways while 8990 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend Plunged  below the Prior Day's Low but  the Bears gave up mildly towards  the close. The  Hourly Trend  has  been in a Range Trading  with  the Bears potential to test the 9095 mark ,9175-9235  are the critical  levels to watch to maintain the Bearish  Outlook . On the 5 min is along the gradual Down Channel  and the Patterns are suggesting a Choppy Session  with a potential to test the Lows provided 9175-9235  Holds. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   9095   9025   8975       BEARS:   9205   9265   9305

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

USDCAD

USDCAD closed @ 10175 which was ABOVE the open and breached the previous day's high.  The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10110 holds and Daily Trend is also Sideways while 10370 holds, so expect the price  to be Choppy with a Upside bias.   The Daily Trend breached the Prior Day's Low marginally  and  the Bulls came in aggressively towards the close. The  Hourly Trend  has  been in a Range Trading  with an Upside Bias , 10145-10110 are the critical  levels to watch to maintain the Bullish  Outlook . On the 5 min is along the Horizontal Channel  and the Patterns are suggesting a Choppy Session  with a potential to break higher. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   10120   10050   9990       BEARS:   10205   10245   10305

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

Aggressive Traders :  LONG @ the Break      10205   with a tight stop with a 50 pips price target.