CHF Strength Enters The Market: AUD & NZD Still Strong
Wed 11th October 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
- EURCHF (Primary Focus Pair)
- EURAUD (Covered In Video)
- EURNZD (Covered In Video)
Our Interest (pending order)/Open Interest (live position)
Risk warning: Trading carries a high degree of risk. Read more here.
CHF has emerged as the strongest currency on our live forex strength vs weakness tables.
AUD and NZD also remain strong and we have featured opportunities on EURAUD and EURNZD in our previous posts this week.
Today we focus on EURCHF as price heads towards key swing lows of 0.9540.
This level of 0.9540 can be seen from the daily chart (D1) formed on 15th September 23.
Our trading time frame H4 we can see the price is currently trading within a consolidation between highs of 0.9610 and lows of 0.9560.
If we want to sell this market we need to see prices come back into the H4 highs of 0.9610.
A rejection here would offer us an opportunity to be short around 0.9590 with targets being the key D1 lows at 0.9540.
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