In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we pose the question, is the dollar-swiss the next one to go?
The reason for asking this question is due to the significant dollar move we have seen over the last few trading days. The EURUSD, AUDUSD and NZDUSD have already moved to the downside, with a number of dollar majors also close to breaking out in favour of the USD.
If we look at this market technically, we can see prices breaking above the monthly high and, so far, have stayed there. However, yesterday’s price action didn’t see much continuation which, of course, is a concern. Overall, if prices stay above the monthly high of 0.9766 then we will be looking to enter this market to the upside but only above yesterday’s high of 0.9783.
Is the Dollar-Swiss the Next One to Go? – Full Video Analysis
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