Aussie & Swissy trade management

Good evening traders,

Tonight I have picked the AUDUSD & Swissy charts to discuss.

The AUDUSD has been climbing up slowly and today has tagged a previous resistance. However, there is divergence on multiple timeframes so its worth managing your position if you are already in it or awaiting a pullback for a good entry position. Note the RN also has its part to play here as it is in close proximity to current price action.

The Swissy is also in a similar (albeit) opposite position where it has reached strong support on the downtrend. Again signs a strong for price continuing south, however it has made a large move today and convergences appear on multiple timeframes so a breather or pullback can be expected.

Good Trading

Bijal Shah