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Forex Markets Calm Ahead Of Quarterly End 

Mon 26th June 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

  • AUDCHF (Primary Focus Pair)
  • CADJPY (Covered In Video)
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Primary Focus Pair: Trade Plan & Details

Details:

AUDCHF has pushed CADJPY to the side for once on the day traders tables, being the one to watch for us today. 

AUD is the weakest currency with CHF being the strongest, should make for selling opportunities on AUDCHF. 

AUDCHF reached it’s highs on the 15th June rejecting key resistance of 0.6150.

Since then, price has traded lower, trading through key minor support levels such as the 0.6100 and most recently 0.6000.

This support now resistance 0.6000 level is where we are anticipating further selling opportunities are to come from. 

Not only is it a whole psychological number, it holds multiple confluences such as trend line resistance and a 50 moving average. 

Sellers could target the 0.5900 level of support which formed back at the end of May 2023.

Live Forex Charts - AUDCHF - Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses - 26-06-23