Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line and we are expecting a breakout below this level. We are also seeing a nice setup XAUUSD as it is testing our first resistance which coincides with our short term descending resistance line, where we are expecting a drop below that level. Yesterday, we caught the bounce on CHFJPY as it bounced nicely from our support to hit our major resistance target:
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.